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Performance Report Based on Actual Production Hajiey Inc. produces a variety of household cleaning products. Hajiey's controller has developed standard costs for the following four overhead items: Variable Rate per Overhead Item Total Fixed Cost Direct Labour Hour Maintenance $ 86,000 $0.20 Power 0.45 Indirect labour 140,000 2.10 Rent 35,000 Next year, Hajiey expects production to require 90,000 direct labour hours. Assume that actual production required 106,000 direct labour hours at standard. The actual overhead costs incurred were as follows: Maintenance Indirect labour Power Rent Required: $87,000 336,000 41,200 41,000

Performance Report Based on Actual Production Hajiey Inc. produces a variety of household cleaning products. Hajiey's controller has developed standard costs for the following four overhead items: Variable Rate per Overhead Item Total Fixed Cost Direct Labour Hour Maintenance $ 86,000 $0.20 Power 0.45 Indirect labour 140,000 2.10 Rent 35,000 Next year, Hajiey expects production to require 90,000 direct labour hours. Assume that actual production required 106,000 direct labour hours at standard. The actual overhead costs incurred were as follows: Maintenance Indirect labour Power Rent Required: $87,000 336,000 41,200 41,000

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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Performance Report Based on Actual Production Hajiey Inc. produces a variety of household cleaning products. Hajiey's controller has developed standard costs for the following four overhead items: Variable Rate per Overhead Item Total Fixed Cost Direct Labour Hour Maintenance $ 86,000 $0.20 Power 0.45 Indirect labour 140,000 2.10 Rent 35,000 Next year, Hajiey expects production to require 90,000 direct labour hours. Assume that actual production required 106,000 direct labour hours at standard. The actual overhead costs incurred were as follows: Maintenance Indirect labour Power Rent Required: $87,000 336,000 41,200 41,000
Transcribed Image Text:Performance Report Based on Actual Production Hajiey Inc. produces a variety of household cleaning products. Hajiey's controller has developed standard costs for the following four overhead items: Variable Rate per Overhead Item Total Fixed Cost Direct Labour Hour Maintenance $ 86,000 $0.20 Power 0.45 Indirect labour 140,000 2.10 Rent 35,000 Next year, Hajiey expects production to require 90,000 direct labour hours. Assume that actual production required 106,000 direct labour hours at standard. The actual overhead costs incurred were as follows: Maintenance Indirect labour Power Rent Required: $87,000 336,000 41,200 41,000
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