The following information was taken from the annual manufacturing overhead cost budget of Waterway Company Variable manufacturing overhead costs Fixed manufacturing overhead costs Normal production level in labour hours Normal production level in units Standard labour hours per unit $35,200 $18,400 16,000 4,000 4 During the year, 3,800 units were produced, 15,400 hours were worked, and the actual manufacturing overhead was $53.020. Actual fixed manufacturing overhead costs equalled the budgeted foxed manufacturing overhead costs. Overhead is applied based on direct labour hours.
The following information was taken from the annual manufacturing overhead cost budget of Waterway Company Variable manufacturing overhead costs Fixed manufacturing overhead costs Normal production level in labour hours Normal production level in units Standard labour hours per unit $35,200 $18,400 16,000 4,000 4 During the year, 3,800 units were produced, 15,400 hours were worked, and the actual manufacturing overhead was $53.020. Actual fixed manufacturing overhead costs equalled the budgeted foxed manufacturing overhead costs. Overhead is applied based on direct labour hours.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:The following information was taken from the annual manufacturing overhead cost budget of Waterway Company
Variable manufacturing overhead costs
Fixed manufacturing overhead costs
Normal production level in labour hours
Normal production level in units
Standard labour hours per unit
$35,200
$18,400
16,000
4,000
4
During the year, 3,800 units were produced, 15,400 hours were worked, and the actual manufacturing overhead was $53,020. Actual
fixed manufacturing overhead costs equalled the budgeted fixed manufacturing overhead costs. Overhead is applied based on direct
labour hours.
Transcribed Image Text:(b)
Calculate the total, fixed, and variable predetermined manufacturing overhead rates. (Round answers to 2 decimal places, e.g.
15.25.)
Variable manufacturing overhead $
Fixed manufacturing overhead
Total manufacturing overhead
eTextbook and Media
Total overhead variance
Calculate the total, budget, and volume overhead variances.
$
Budget overhead variance $
Volume overhead variance $
eTextbook and Media
$
$
Rate
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