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    jmp23's Avatar
    jmp23 Posts: 1, Reputation: 1
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    #1

    Sep 4, 2009, 08:36 AM
    Actual costs and Normal Costs
    Ohio river company uses a predermines rate for applying overhead to producation using normal costing. The Rates for this year 1 follow: variable, 200 percent of direct labor dollars; fixed 300 percent of direct labor dollars. Actual overhead costs incurred follow: variable, $20,000; fixed, $26,000. Actual direct materials cost were $5,000 and actual labor costs were $9,000. Ohio river produced one job in year 1.

    (a.) Calculate actual costs of the job
    (b) Calculate normal costs of the job using predetermined overhead rates.
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    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Sep 4, 2009, 06:13 PM

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