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A company produces exclusive briefcases. The standard data for 1 briefcase are the following: Machine hours: 3 Variable manufacturing overhead: 3 2 EUR / machine

A company produces exclusive briefcases. The standard data for 1 briefcase are the following: Machine hours: 3 Variable manufacturing overhead: 32 EUR/machine hour Fixed manufacturing overhead: 20 EUR/machine hour The following data was collected with regard to the financial year 2019: Allocated fixed manufacturing overhead: 9000000 EUR Actual fixed manufacturing overhead: 9600000 EUR Actual variable manufacturing overhead: 13600000 EUR Production volume variance: 200000 EUR (U) Price variance variable manufacturing overhead: 400000 EUR (F) Required: 1. Calculate the actual production volume in 2019.(150000 units)2. Calculate the actual amount of machine hours used in production. (437500 MHs)3. Calculate the standard fixed manufacturing overhead.(9200000 EUR)

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