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QUESTION
Layt Clock Company has developed the following flexible budget for its overhead costs. Manufacturing overhead at Layt is applied to production on the...
Layt Clock Company has developed the following flexible budget for its overhead costs. Manufacturing overhead at Layt is applied to production on the basis of standard machine-hours: (see chart in attached file)Layt was expecting to produce 22,000 clocks last year. The actual results for the year were as follows:
