Based on the following standards and actual results of JCL Enterprises, provide the required answers below.
Actual total overhead costs incurred................................$483,500
Actual fixed overhead costs incurred.................................298,500
Actual number of products produced.....................................11,900 units
Direct labor costs incurred (10,265 hours) $104,703
Direct material costs incurred (@$3.98/#)599,841
Standards per unit:
Direct materials- 10 # @ $5/#
Direct labor - I DLH @ $10/DLH
Variable overhead - $ I5/DLH
Estimated Fixed Overhead- $300,000
Normal activity level- 12.000 units
Required: Calculate ... everything you can think of.