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Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of direct...

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Accounting

Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of direct labor hours. Information from LLL's standard cost card follows:
\table[[Sariable manufacturing overhead,\table[[Standard],[Quantity]],Standard Rate,Standard],[Unit Cost,,,]]
During August, LLL had the following actual results:
\table[[Units produced and sold,25,500],[Actual variable overhead,$9,540
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