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produces a single product and uses a standard cost system to help in the control...

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Accounting

produces a single product and uses a standard cost system to help in the control of costs. Overhead is applied to production on a basis of machine-hours. According to the company's flexible budget, the following overhead costs should be incurred at an activity level of 18,000 machine-hours (the denominator activity level chosen for the year):
\table[[\table[[Variable overhead cost],[Fixed overhead costs.]],\table[[,31,500
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