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Robert Company, which applies overhead to production on the basis of machine hours, reported the...

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Accounting

Robert Company, which applies 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: $77,700

Actual machine hours worked: 18,800

Standard variable overhead cost per machine hour: $4.50

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

Compute all standards and variances

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