Part-1 |
Predetermined Overhead rate = $3.80 + $7.80 = $11.60 per DLH |
Variable overhead rate = $3 per Machine Hour |
Fixed overhead rate = $300000/ 60000= $5 per Machine Hour |
Part-2 |
Std Hour allowed for actual Production= Std Hour Require per Unit X Actual Unit Produced |
=1.5 HourX 42000 Unit=63000 Machine Hour |
*Std Hour Require per Unit:- 60000/40000= 1.5 Hour |
Part-3 |
Variable Overhead Rate variancce= ( Std Rate- Actual Rate)X Actual Hour |
($3- $2.90)X64000=$6400 F |
* Actual Variable OH Rate= 185600/64000=$2.90 |
Variable OH Efficiency Variance= ( Std Hour for actual Production- Actual Hour) X Srd Rate |
=(63000-64000)X3=$3000 UF |
Fixed Overhead Budget Variance= Budgeted Fixed OH- Actual Fixed OH |
=$300000-302400= $2400 UF |
Fixed Oerhead Volume Variance= Applied Fixed OH- Budgeted OH |
(63000X$5)-300000=$15000 F |
17 Norwall Company's budgeted variable manufacturing overhead cost is $3.00 per machine hour and its budgeted...
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