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What is the purpose of using standard costs

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Reference no: EM131539666

Question: 1. Prepare a flexible budget performance report title (in proper form) for Spalding Company for the calendar year 2011. Why is a proper title important for this or any report?

2. Hewitt Company's output for the current period yields a $30,000 favorable overhead volume variance and a $50,400 unfavorable overhead controllable variance. Standard overhead charged to production for the period is $225,000. What is the actual total overhead cost incurred for the period?

3. What is the purpose of using standard costs?

Reference no: EM131539666

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