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Diehl Corporation uses a standard cost system in which it applies manufacturing overhead to units of product on the basis of standard direct labor-hours.The company's total applied factory overhead was $315,000 last year when the company used 32,000 direct labor-hours as the denominator activity.If the variable factory overhead rate was $8 per direct labor-hour,and if 30,000 standard direct labor-hours were allowed for the output of the year,then the total budgeted fixed factory overhead for the year must have been:
Strong Positive Correlation
A relationship between two variables in which both variables move in the same direction with a high degree of association.
Correlation (r)
A statistical measure that indicates the extent to which two or more variables fluctuate together.
Graduate Research Project
An extensive study typically undertaken by a student at the graduate level, involving original research or a comprehensive review of existing research on a specific topic.
Randomly Selects
A process of choosing items or individuals without a specific pattern, order, or preference, ensuring equal chance of selection.
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