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5. Standard cost - Manufacture Overhead The production manager is unsure as to how to...

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Accounting

5. Standard cost - Manufacture Overhead The production manager is unsure as to how to go about estimating manufacturing overheads but has compiled the following data relating to prior periods. Month 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Manufacture Overhead Cost $176,890 183,500 131,250 280,000 305,600 317,550 407,500 295,000 475,700 367,400 435,000 267,800 285,000 170,000 Direct Labour Hours 20,000 21,000 30,000 27,000 27,000 30,000 25,000 24,000 29,000 30,000 26,000 30,500 26,000 13,000 Use regression analysis to derive a cost function for manufacturing overhead cost. Manufacturing overheads are paid in the month incurred. Included in the monthly manufacturing overhead costs is $15,000 depreciation for property, plant and equipment.
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Standard cost - Manufacture Overhead The production manager is unsure as to how to go about estimating manufacturing overheads but has compiled the following data relating to prior periods. s Use regression analysis to derive a cost function for manufacturing overhead cost. Manufacturing overheads are paid in the month incurred. Included in the monthly manufacturing overhead costs is $15,000 depreciation for property, plant and equipment

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