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Osborn Manufacturing uses a predetermined overhead rate of $28.20 per direct labour-hour. This predetermined rate was based on 12,000 estimated direct labour-hours and $338,400 of estimated total manufacturing overhead. The company incurred actual total manufacturing overhead costs of $315,000 and 11,500 total direct labour-hours during the period.
Problem 1: Assuming that the entire amount of the underapplied or overapplied overhead is closed out to cost of goods sold, what would be the effect of the underapplied or overapplied overhead on the company's gross margin for the period?
Consider the list of key performance indicators used by IDLC. Explain how these measures could be used to help achieve the mission.
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What the budgeted sales for February is closest to? Predetermined overhead rate (all variable) $ 9.00 per direct labor-hour. Raw materials cost $ 1.00 per pound
A company uses 39200 kilograms of materials for which it paid $9.00 a kilogram. What is the standard price per kilogram
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