Oriole Company has gathered the following information: Variable manufacturing overhead costs $13,230 Fixed manufacturing overhead costs $10,260 Normal production level in labour hours 9,000 Standard labour hours 9,500 During the year, 3,000 units were produced, 10,900 hours were worked, and the actual manufacturing overhead was $21,300. Actual fixed overhead totalled $10,280. Oriole applies overhead based on direct labour hours. (a) Calculate the total, fixed, and variable predetermined overhead rates. (Round calculations and final answer to 2 decimal places, e.g. 15.25) Fixed predetermined ovehead rate $ per DL hour Variable predetermined ovehead rate $ per DL hour Total predetermined ovehead rate $ per DL hour
Oriole Company has gathered the following information: Variable manufacturing overhead costs $13,230 Fixed manufacturing overhead costs $10,260 Normal production level in labour hours 9,000 Standard labour hours 9,500 During the year, 3,000 units were produced, 10,900 hours were worked, and the actual manufacturing overhead was $21,300. Actual fixed overhead totalled $10,280. Oriole applies overhead based on direct labour hours. (a) Calculate the total, fixed, and variable predetermined overhead rates. (Round calculations and final answer to 2 decimal places, e.g. 15.25) Fixed predetermined ovehead rate $ per DL hour Variable predetermined ovehead rate $ per DL hour Total predetermined ovehead rate $ per DL hour
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 13E: Wyandotte Company provided the following information for the last calendar year: During the year,...
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