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Unformatted text preview: Actual total fixed factory overhead for the month was $120,000. Fixed factory overhead was estimated and applied at $450 per machine hour. Mantuach based the fixed overhead allocation rates on an assumed production level of 28,000 books. (a) Calculate the overhead variances. (b) Prepare journal entries to apply factory overhead to production and record the related variances....
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.
- Spring '11