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Atlanta Company is preparing its manufacturing overhead budget for 2012. Relevant data consist of the following. Units to be produced (by quarters): 10,500, 12,400, 14,600, 16,700. Direct labor: Time is 1.7 hours per unit. Variable overhead costs per direct labor hour: Indirect materials $0.80; indirect labor $1.40; and maintenance $0.60 Fixed overhead costs per quarter: Supervisory salaries $36,860; depreciation $18,640; and maintenance $14,820. Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal places, e.g. 1.25. List variable expenses before fixed expense

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9981642

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