Exercise $2$

A company produces exclusive briefcases. The standard data for $1$ briefcase are the following:

$$ Machine hours: $3$

$$ Variable manufacturing overhead: $32$ EUR$/$machine hour

$$ Fixed manufacturing overhead: $20$ EUR$/$machine hour

The following data was collected with regard to the financial year $2019$:

$$ Allocated fixed manufacturing overhead: $9000000$ EUR

$$ Actual fixed manufacturing overhead: $9600000$ EUR

$$ Actual variable manufacturing overhead: $13600000$ EUR

$$ Production volume variance: $200000$ EUR $($U$)$

$$ Price variance variable manufacturing overhead: $400000$ EUR $($F$)$

Required:

$1.$ Calculate the actual production volume in $2019.$

$2.$ Calculate the actual amount of machine hours used in production.

$3.$ Calculate the standard fixed manufacturing overhead.