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Required information [The following information applies to the questions displayed below.] Utease Corporation has several production plants nationwide. A newly opened plant in Dubuque produces

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Required information [The following information applies to the questions displayed below.] Utease Corporation has several production plants nationwide. A newly opened plant in Dubuque produces and sells one product. The plant is treated, for responsibility accounting purposes, as a profit center. The unit standard costs for a production unit, with overhead applied based on direct labor hours, are as follows. Manufacturing costs (per unit based on expected activity of 24,000 units or 57,600 direct labor hours): Expected sales activity: 20,000 units at $500 per unit Desired ending inventories: 14% of sales Assume this is the first year of operations for the Dubuque plant. During the yeat, the company had the following activity. In addition, all over- or underapplied overhead and all product cost variances are adjusted to cost of goods sold. b. Prepare a budgeted responsibility income statement for the Dubuque plant for the coming year

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