Solution:
Fixed overhead applied | ||
Standard labor hours | 30160 | |
Predetermined overhead rate | $2.20 | |
Fixed overhead applied | $66,352.00 |
Volume Variance | ||
Total Budgeted Fixed overhead | $70,180.00 | |
Total fixed overhead applied | $66,352.00 | |
Volume Variance | $3,828.00 | Unfavorable |
Controllable Variance | |||
Total actual overhead | $473,000.00 | ||
Flexible Budget Overhead | |||
Fixed | $70,180.00 | ||
Variable | $383,032.00 | ||
Total | $453,212.00 | ||
Overhead controllable variance | $19,788.00 | Unfavorable |
World Company expects to operate at 80% of its productive capacity of 68,750 units per month....
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