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A manufacturing company has a standard costing system based on machine hours (MHs) as the measure of activity. Data from the company's flexible budget
A manufacturing company has a standard costing system based on machine hours (MHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: Budgeted/denominator level of activity Overhead costs at the denominator activity level: Variable overhead cost Fixed overhead cost 3,700 MHs $28,490 $47,545 The following data pertain to operations for the most recent period: Actual hours Standard hours allowed for the actual 3,900 MHS output 3,850 MHs Actual total variable overhead cost Actual total fixed overhead cost $29,445 $47,995 How much overhead was applied to products during the period to the nearest dollar?
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