Outkast Company uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing...
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Accounting
Outkast Company uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per machine hour is as follows: Budgeted fixed overhead costs per month are: The company believes it will normally operate in a range of 28,000 to 35,000 machine hours per month. During the month of August 2016, the company incurred the following manufacturing overhead costs: Required: Prepare a flexible budget report, assuming that the company used 31,000 machine hours during August
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