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Velocity and Cycle Time
Kolby Company takes 7,400 hours to produce 29,600 units of a product.
Required:
Question 1: What is the velocity? Cycle time? Round your answers to two decimal places.
Velocity: units per hour
Cycle time: hour(s)
If the company actually produces 20,000 units, what are the flexible budget amounts of fixed and variable costs?
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