Minihan Company had the data below for its most recent year, ending December 31: Required: Prepare a
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Prepare a performance report that shows the variances on an item-by-itembasis.
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Actual costs: Indirect labor Supplies Actual hours worked Variable overhead standards: $29,800 Indirect labor Supplies overhead rate 0.25 hr. @ $15.00 0.25 hr. $1.00 $2,200 2,080 hours Standard variable $16.00 per direct labor hour Units produced Hours allowed for 8,000 units 2,000 houns production
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Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
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