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The loan department of ottawa bank uses standard costs to

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The loan department of Ottawa Bank uses standard costs to determine the overhead cost of processing loan applications. During the current month a fire occurred, and the accounting records for the department were mostly destroyed.
Determine the following.

  1. Total actual overhead cost.
  2. Actual variable overhead cost.
  3. Variable overhead cost applied.
  4. Fixed overhead cost applied.
  5. Overhead volume variance.
  6. Determine how many loans were processed.

Reference no: EM13577985

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