Using the information in E24-3, assume that in July 2010, Raney Company incurs the following manufacturing overhead

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Using the information in E24-3, assume that in July 2010, Raney Company incurs the following manufacturing overhead costs.

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Instructions(a) Prepare a flexible budget performance report, assuming that the company worked 9,000 direct labor hours during the month.(b) Prepare a flexible budget performance report, assuming that the company worked 8,500 direct labor hours during the month.(c) Comment on yourfindings.

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Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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