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Business, 04.05.2021 23:00 lexident

Robert Company, which allocates overhead to production on the basis of machine hours, reported the following data for the period just ended: Actual units produced: 12,000
Actual variable overhead incurred: $77,770
Actual machine hours worked: 18,800
Standard variable overhead cost per machine hour: $4.50

Robert estimates that it takes 1.5 hours to manufacture a completed unit.

Required:
Compute all standards & variances. Prepare all journal entries using standard costing.

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