Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A manufacturing company has a standard costing system based on standard direct labor-hours (DLHs) as the measure of activity. Data from the company's flexible budget
A manufacturing company has a standard costing system based on standard direct labor-hours (DLHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below:
Denominator level of activity | 3,700 | DLHs | |
Overhead costs at the denominator activity level: | |||
Variable overhead cost | $ | 28,490 | |
Fixed overhead cost | $ | 47,545 | |
The following data pertain to operations for the most recent period: |
Actual hours | 3,900 | DLHs | |
Standard hours allowed for the actual output | 3,850 | DLHs | |
Actual total variable manufacturing overhead cost | $ | 29,445 | |
Actual total fixed manufacturing overhead cost | $ | 47,995 |
The overhead applied to products during the period was closest to:
Group of answer choices
$80,145
$79,118
$77,440
$76,035
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started