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ACCT 221 WEEK 7 HOMEWORK

ACCT 221 WEEK 7 HOMEWORK

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Apollo Sports manufacturers fabric tents. The poles are purchased from a vendor, so the only part manufactured is the actual fabric tent.The company uses a standard cost system based on manufacturing 5,000 tents per month. Overhead is applied on a per-unit basis. In May,4,840 tents were produced. Management has a policy that all variances greater than 3% from standard should be investigated. Standard andactual costs are listed below:


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