Tiara Industries has the following information about its standards and production activity for December: Actual manufacturing
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Question:
Tiara Industries has the following information about its standards and production activity for December:
Actual manufacturing overhead cost incurred, $89,000
Variable manufacturing overhead cost @ $ 4.00 per unit produced
Fixed manufacturing overhead cost @$ 1.00 per unit produced ($19,000?/19,000 budgeted? units) Actual units? produced, 5,500 Assume the allocation base for fixed overhead costs is the number of units to be produced. How much are the standard overhead costs allocated to actual? production?
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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