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Fixed overhead variances In addition to the information for Acme Company in Mini Exercises 15.1 and 15.2, the standard fixed overhead application rate per unit consists of $2 per machine hour and each unit is allowed a standard of 1 hour of machine time.In Mini Exercise 15.1, Acme Company's production budget for August is 17,500 units and includes the following component unit costs: direct materials, $8; direct labor, $10; variable overhead, $6. Budgeted fixed overhead is $32,000. Actual production in August was 18,000 units.In Mini-Exercise 15.2, In addition to the information for Acme Company in Mini-Exercise 15.1, actual unit component costs incurred during August include direct materials, $8.25; direct labor, $9.45; variable overhead, $6.82. Actual fixed overhead was $33,500.Required:
Calculate the fixed overhead budget variance and the fixed overhead volume variance.
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Task one Critically evaluate the models and concepts affecting the pricing decisions taken by organisations, critically reflecting upon their usefulness
junius and caesar orally agreed to become partners in a food testing business. caesar who had experience in food
humes corporation makes a range of products. the companys predetermined overhead rate is 16 per direct labor-hour which
Prepare extracts from the statement of financial position of Biogenics at 31 December 20X9 relating to the above items and summarise the costs to be included in the statement of profit or loss for that year.
How many minutes of mixing machine time would be required to satisfy demand for all four products - how much of each product should be produced to maximize net operating income? (Round off to the nearest whole unit.)
If Fine Line decides to produce the covers, it will need to invest $1,000,000 in new production equipment. Fine Line requires a minimum rate of return of 25% on all investments. Determine the target cost per unit for the cover.
shredder manufacturing has the following projected unit sales at 18 per unit for four months of operationsjanuary
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