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Calculate the following: 1. Variable FOH Rate 2. Total Variable FOH

Calculate the following: 1. Variable FOH Rate 2. Total Variable FOH

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1 Normal board Font Paragraph 6. Prime cost Q.No.3 The following information has been by New Inc. in preparing its budget for November and Deceber 2020. January (in Millions) February (in Millions) Units to be sold Units to be produced Direct Labor hours Insurance of factory Salaries selling Depreciation ( factory building) Light and heat (factory) Advertising Indirect Factory Labor Factory Supplies Direct material consumption Lubricants for factory machine 220 240 200 480 400 400 400 260 200 680 260 200 600 300 760 300 660 600 1200 360 500 1000 300 Calculate the following. 1. Variable FOH Rate 2. Total Variable FOH
Transcribed Image Text:1 Normal board Font Paragraph 6. Prime cost Q.No.3 The following information has been by New Inc. in preparing its budget for November and Deceber 2020. January (in Millions) February (in Millions) Units to be sold Units to be produced Direct Labor hours Insurance of factory Salaries selling Depreciation ( factory building) Light and heat (factory) Advertising Indirect Factory Labor Factory Supplies Direct material consumption Lubricants for factory machine 220 240 200 480 400 400 400 260 200 680 260 200 600 300 760 300 660 600 1200 360 500 1000 300 Calculate the following. 1. Variable FOH Rate 2. Total Variable FOH
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