Ashford Foods processes bags of organic frozen fruits sold at specialty grocery stores. The company allocates manufacturing
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The company allocates manufacturing overhead based on direct labor hours. Ashford has budgeted fixed manufacturing overhead for the year to be $631,000. The predetermined fixed manufacturing overhead rate is $16.60 per direct labor hour, while the standard variable manufacturing overhead rate is $0.50 per direct labor hour. The direct labor standard for each case is one - quarter (0.25) of an hour. The company actually processed 162,000 cases of frozen organic fruits during the year and incurred $706,080 of manufacturing overhead. Of this amount, $652,000 was fixed. The company also incurred a total of 41,600 direct labor hours. The company allocates manufacturing overhead based on direct labor hours. Ashford has budgeted fixed manufacturing overhead for the year to be $631,000. The predetermined fixed manufacturing overhead rate is $16.60 per direct labor hour, while the standard variable manufacturing overhead rate is $0.50 per direct labor hour. The direct labor standard for each case is one - quarter (0.25) of an hour. The company actually processed 162,000 cases of frozen organic fruits during the year and incurred $706,080 of manufacturing overhead. Of this amount, $652,000 was fixed. The company also incurred a total of 41,600 direct labor hours.
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