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Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
Edition 4ISBN: 978-0324380767Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
Edition 4ISBN: 978-0324380767 Exercise 29
Ionia Inc. produces a variety of shampoos, conditioners, and hair care products. Ionia's controller has developed standard costs for the following four overhead items: 
Next year, Ionia expects production to require 140,000 direct labor hours.
Performance Report Based on Actual Production
Refer to the information for Ionia Inc. above. Assume that Ionia's actual production required 142,000 direct labor hours at standard. The actual overhead costs incurred were as follows:
Required:
Prepare a performance report for the period based on actual production.
Next year, Ionia expects production to require 140,000 direct labor hours.
Performance Report Based on Actual Production
Refer to the information for Ionia Inc. above. Assume that Ionia's actual production required 142,000 direct labor hours at standard. The actual overhead costs incurred were as follows:
Required:
Prepare a performance report for the period based on actual production.
Explanation
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Performanc...
Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
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