At the beginning of the period, the Fabricating Department budgeted direct labor of $6,500 and equipment depreciation

Question:

At the beginning of the period, the Fabricating Department budgeted direct labor of $6,500 and equipment depreciation of $2,000 for 400 hours of production. The department actually completed 500 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting.

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