Question
Thomas Textiles Corporation began November with a budget for 33,000 hours of production in the Weaving Department. The department has a full capacity of 44,000
Thomas Textiles Corporation began November with a budget for 33,000 hours of production in the Weaving Department. The department has a full capacity of 44,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of November was as follows: Variable overhead $82,500 Fixed overhead 57,200 Total $139,700 The actual factory overhead was $141,400 for November. The actual fixed factory overhead was as budgeted. During November, the Weaving Department had standard hours at actual production volume of 34,000 hours
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