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Unformatted text preview: 13-67 Straightforward Problem on Standard Cost System Study Appendix 13. The Winnipeg Chemical Company uses flexible budgets and a standard cost system. • Direct-labor costs incurred, 12,000 hours, • Variable-overhead costs incurred, • Fixed-overhead flexible-budget variance, • Finished units produced, • Fixed-overhead costs incurred, • Variable overhead applied at • Standard direct-labor cost, • Denominator production per month, • Standard direct-labor hours per finished unit, $150,000 $1,600, favorable 6 hours Prepare an analysis of all variances (similar to Exhibit 13-11, p. 614). dard cost system. $37,000 1,800 $38,000 $3 per hour $13 per hour 2,000 units ...
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This note was uploaded on 06/04/2010 for the course BUSINESS M ACC561 taught by Professor Johnson during the Spring '10 term at University of Phoenix.
- Spring '10