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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 briefcase are the following: Machine hours: Variable manufacturing overhead: EURmachine hour Fixed manufacturing overhead: EURmachine hour The following data was collected with regard to the financial year : Allocated fixed manufacturing overhead: EUR Actual fixed manufacturing overhead: EUR Actual variable manufacturing overhead: EUR Production volume variance: EUR U Price variance variable manufacturing overhead: EUR F Required: Calculate the actual production volume in units Calculate the actual amount of machine hours used in production. MHs Calculate the standard fixed manufacturing overhead. EUR
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