Masters Company applies overhead using machine hours and reports the following information. Compute the total variable overhead
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Actual machine hours used . . . . . . . . . . . . . . . . . . . . . 4,950 hours
Standard machine hours . . . . . . . . . . . . . . . . . . . . . . . 5,000 hours
Actual variable overhead rate per hour . . . . . . . . . . . . . . . . $4.10
Standard variable overhead rate per hour . . . . . . . . . . . . . . . $4.00
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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