In Class Ch 10

In Class Ch 10 - Managerial Accounting In Class Chapter 10...

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Managerial Accounting In Class Chapter 10 1. Flick Company uses a standard cost syitem in which manufacturing overhead is applied to units of product on the basis of standard direct labor-hours. The company's total budgeted variable and fixed manufacturing overhead costs at the denominator level of activity are $20,000 for variable overhead and $30,000 for fixed overhead. The predetermined overhead rate, including both fixed and variable components, is $2.50 per direct labor-hour. The standards call for two direct labor-hours per unit of output produced. Lastyear, the company produced I 1,500 units of product and worked 22,000 direct labor-hours. Actual costs were $22,500 for variable overhead and $31,000 for fixed overhead. Required: a. What is the denominator level of activitv? -. i-. 1{28e2- v rlJ ' '.)^u,r-;Lli-, \ )Lhl 2 .ro b. What were the standard hours allowed for the output last year? *tr
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In Class Ch 10 - Managerial Accounting In Class Chapter 10...

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