Collman Coal Company prepares a flexible budget every month. Augusts budget contained following information. Level of activity
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Question:
Collman Coal Company prepares a flexible budget every month. August’s budget contained following information.
Level of activity Total Budgeted Overhead
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40,000 Direct labor hours $164,000
60,000 Direct labor hours $199,000
Required:
a. What was the standard variable overhead rate in August?
b. How much fixed overhead was budgeted in August?
Related Book For
Managerial Accounting Tools for business decision making
ISBN: 978-1118096895
6th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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