Homework Answers
Solution of First question
Value of Predetermined overhead rate = $7.70 + (139,680/7,200)
= $27.1
Solution of harden inc
The ending inventory of august = the opening inventory of september
The ending inventory of august= 10% of september sales
= 10%*8700 = 870 units
Solution of handerson corporation
Variable overhead variance = (Standard variable overhead rate -Actual variable overhead rate)*Actual DLHours
= ($7.50-$8.00)*1130 = $565 U
Calculation of Actual overhead rate
=9040/1130 = 8
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