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H&X Co. uses a standard job cost system with a normal capacity of 25,200 direct labour hours. H&X Co. produces 12,300 units, which cost $183,200 for direct labour (22,900 hours), $28,167 for variable overhead, and $134,685 for fixed overhead. The standard variable overhead per unit is $2 (2 hours at $1 per hour), and the standard fixed overhead per unit is $10.10 (2 hours at $5.05 per hour).
Question 1: Calculate the fixed overhead spending (budget) variance.
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Corporate Accounting(BBAC401) - Calculate the end-of-period adjustments required for the deferred tax asset and liability accounts, and record the entries for deferred tax and show the balances of deferred tax asset and deferred taxliability as at..
$325000, $600000 in materials used, and $250000 in labor. All of the goods were completed. How much is the amount of over- or underapplied overhead?
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