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Q 23.20: LH Tent Company produces tents and sells them to large sporting goods stores. For a recent period, the company had the following static
Q 23.20: LH Tent Company produces tents and sells them to large sporting goods stores. For a recent period, the company had the following static budget for manufacturing overhead costs based on 100,000 machine hours. Variable Indirect materials Indirect labor Factory supplies $280,000 400,000 40,000 Fixed Depreciation Taxes Supervision $120,000 20,000 100,000 During the year, LH used 80,000 actual machine hours. The company's actual cost for indirect materials was $235,200, for indirect labor was $344,000, and for factory supplies was $38,400. What amount will be reported on the manufacturing overhead static budget report under the "Difference" column for indirect materials
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