Standard variable overhead rate per machine setup

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Reference no: EM131206624

The Richie Company uses a standard costing system in which variable manufacturing overhead is assigned to production on the basis of the number of machine setups. Data for the month of October include the following:

Variable manufacturing overhead cost incurred: $39,364

Total variable manufacturing overhead variance: $5,350 favorable

Standard machine setups allowed for actual production: 2,830 setups

Actual machine setups incurred: 2,760 setups

The standard variable overhead rate per machine setup is:

$12.05

$15.80

$16.20

$14.26

Reference no: EM131206624

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