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Bartoletti Fabrication Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs) at $9.10
Bartoletti Fabrication Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs) at $9.10 per MH. The company had budgeted its fixed manufacturing overhead cost at $70,000 for the month. During the month, the actual total variable manufacturing overhead was $66,720 and the actual total fixed manufacturing overhead was $72,00O. The actual level of activity for the period was 6,500 MHs. What was the total of the variable overhead rate and fixed manufacturing overhead budget variances for the month? Multiple Choice $7,570 Unfavorable $9,570 Favorable $7,570 Favorable $9,570 Unfavorable At the beginning of last year, Tarind Corporation budgeted $700,000 of fixed manufacturing overhead and chose a denominator level of activity of 500,000 machine-hours. At the end of the year, Tari's fixed manufacturing overhead budget variance was $11,000 favorable. Its fixed manufacturing overhead volume variance was $17,500 favorable. Actual direct labor-hours for the year were 525,000. What was Tari's total standard machine-hours allowed for last year's output? Multiple Choice 735,000 512,500 717,500 752,500
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