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The cost formula for the maintenance department of Rainbow, Ltd., is $12,600 per month plus $4.50 per machine hour used by the production department.
Required:
A. Calculate the maintenance cost that would be budgeted for a month in which 15,200 machine hours are planned to be used.
B. Prepare an appropriate performance report for the maintenance department assuming that 16,120 machine hours were actually used in the month of June and the total maintenance cost incurred was $83,650.
Include tests of transactions after the balance sheet date as well as tests of transactions during the year under audit. Show
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Actual overhead for June was $15,800 variable and $9,100 fixed, and standard hours allowed for the product produced in June was 3,000 hours. The total overhead variance is?
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When Nils dies this year, the $50,000 cash is still in a savings account. The consideration offset when computing Nil's gross estate is :
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