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Flexible budgets and a standard cost system

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Study Appendix 13 The Winnipeg Chemical Company uses flexible budgets and a standard cost system.;? Direct-labor costs incurred, 12,000 hours, $150,000;? Variable-overhead costs incurred, $37,000;? Fixed-overhead flexible-budget variance, $1,600, favorable;? Finished units produced, 1,800;? Fixed-overhead costs incurred, $38,000;? Variable overhead applied at $3 per hour;? Standard direct-labor cost, $13 per hour;? Denominator production per month, 2,000 units;? Standard direct-labor hours per finished unit, 6 hours.;Prepare an analysis of all variances (similar to exhibit 13-11 which is attached).

 

Paper#26673 | Written in 18-Jul-2015

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