Question
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
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: Denominator Level of Activity 6,000 MHs Overhead Costs at the Denominator Activity Level: Variable Overhead Cost $35,000 Fixed Overhead Cost $75,000
The following data pertain to operations for the most recent period: Actual Hours 6,300 MHs Standard Hours Allowed for the Actual Output 6,000 MHs Actual Total Variable Overhead Cost $36,540 Actual Total Fixed Overhead Cost $75,000 How much overhead was applied to products during the period, rounded to the nearest dollar? (Do not round intermediate calculations.)Multiple Choice $113,415 $116,550 $112,850 $109,980
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