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How much overhead was applied to products

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Reference no: EM132886208

Question - A manufacturer of industrial equipment has a standard costing system based on machine hours (MHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below:

Denominator Level of Activity 3,900 MHs

Standard Overhead Costs at the Denominator Activity Level:

Variable Overhead Cost $33,345

Fixed Overhead Cost $61,425

The following data pertain to operations for the most recent period:

Actual Hours 3,900 MHs

Standard Hours Allowed for the Actual Output 3,952 MHs

Actual Total Variable Overhead Cost $32,565

Actual Total Fixed Overhead Cost $60,675

Required -

a. Calculate the Predetermined OverHead Application Rates [POHAR], each rounded to 2 decimals?

b. Determine the fixed overhead variances.

c. How much overhead (in total), was applied to products during the period? Show the breakdown. Explain the impact of the volume variance.

Reference no: EM132886208

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