Ronda Manufacturing Corporation uses a standard cost system with machine-hours as the activity base for overhead....
Ronda Manufacturing Corporation uses a standard cost system with machine-hours as the activity base for overhead. Last year, Ronda incurred $840,000 of fixed manufacturing overhead and generated a $42,000 favorable fixed manufacturing overhead budget variance. The following data relate to last year’s operations:
| Denominator activity level in machine-hours | 21,000 |
| Standard machine-hours allowed for actual output | 20,000 |
| Actual number of machine-hours incurred | 22,050 |
What amount of total fixed manufacturing overhead cost did Ronda apply to production last year?
Multiple Choice:
A) $837,900
B) $840,000
C) $926,100
D) $972,405
Homework Answers
Correct answer will b C) $926100
Working for your easy understanding
| Total Budgeted Manufacturing Overhead= Actual Overhead + FMOH Variance |
| =840000+42000=882000 |
| Activity Level in Machine Hour= 21000 |
| Budgete MOH per Hour= 882000/21000=$42 |
| Actual No. of Machine Hour Incurred= 22050 |
| Total Applied Manufactuing Overhead= Actual Machine Hour X Budgeted MOH per Hour |
| =22050 Machine Hour X $42= $926100 |
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