Ortiz Companys manufacturing overhead budget shows total variable costs of $198,000 and total fixed costs of $162,000.
Question:
Ortiz Company’s manufacturing overhead budget shows total variable costs of $198,000 and total fixed costs of $162,000. Total production in units is expected to be 160,000. It takes 15 minutes to make one unit, and the direct labor rate is $15 per hour. Express the manufacturing overhead rate as
(a) A percentage of direct labor cost,
(b) An amount per direct labor hour.
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Related Book For
Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
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