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17. Sedona Company set the following standard costs for one unit of its product for 2017 Direct material (30 Ibs. $2.20 per Ib.) Direct labor

17.

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Sedona Company set the following standard costs for one unit of its product for 2017 Direct material (30 Ibs. $2.20 per Ib.) Direct labor (20 hrs. $4.00 per hr.) Factory variable overhead (20 hrs. $2.20 per hr.) Factory fixed overhead (20 hrs. $1.10 per hr.) Standard cost $ 66.00 80.00 44.00 22.00 $212.00 The $3.30 ($2.20 + $1.10) total overhead rate per direct labor hour is based on an expected operating level equal to 65% of the factory's capacity of 52,000 units per month. The following monthly flexible budget information is also available ating Levels ( of capacit 65% Flexible Budget Budgeted output (units) Budgeted labor (standard hours) Budgeted overhead (dollars) 60% 31,200 70% 33,800 676,000 36,400 728,000 624,000 Variable overhead Fixed overhead Total overhead $1,372,800 $1,487,200 $1,601,600 743,600 743,600 $2,116,400 $2,230,800 $2,345,200 743,600 During the current month, the company operated at 60% of capacity, employees worked 591,000 hours, and the following actual overhead costs were incurred Variable overhead costs Fixed overhead costs Total overhead costs $1,326,000 798,000 $2,124,000 AH- Actual Hours SH Standard Hours AVR Actual Variable Rate SVR Standard Variable Rate SFR Standard Fixed Rate

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