Based on expected production of 200,000 units, factory overhead costs budgeted for the year were: Variable
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Question:
Based on expected production of 200,000 units, factory overhead costs budgeted for the year were:
Variable costs ($180,000) $0.90 per unit
Total fixed costs ($ 70,000) $0.35 per unit
Actual production achieved was 180,000 units.
Actual overhead costs incurred were:
Variable costs ($160,200) $0.89 per unit
Total fixed costs ($72,000) $0.40 per unit
The total amount of over/under applied overhead is:
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