Calculate the amount of factory over head allowed, Accounting Basics

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Calculate the amount of factory over head allowed

The standard capacity of a factory is 8,000 units per month. Cost and production data follow

Standard application rate for fixed overhead .50per unit
Standard application rate for variable overhead 1.50per unit
Production Month 1 7400, Month 2 8200
Actual factory overhead-month1 15100
Actual factory overhead-month 2 17200

Calculate the amount of factory over head allowed for the actual volume of production each month and the variance between budgeted and actual overhead foe each month.

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Accounting Basics: Calculate the amount of factory over head allowed

Reference No:- TGS089708

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Accounting Basics: Calculate the amount of factory over head allowed

Reference No:- TGS089708

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Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: Calculate the amount of factory over head allowed

Reference No:- TGS089708

Recent Questions Asked Accounting Basics

Q : Determine sample size needed if standard time estimate

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Q : Write a function in matlab called caseinverted

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