FIND REQUIREMENT 1: Compute the standard variable overhead rate.

FIND REQUIREMENT 2 : Compute the standard fixed overhead rate.

The Burger World Restaurant Group supplies its tranchise restaurants with many pre-manufactured ingredients (such as bags of frozen French tries), while other ingredients (such as lettuce and tomatoes) are sourced locally. Assume that the manufacturing plant processing the fries anticipated incurring a total of S6,032,000 of manufacturing overhead during the year. Of this amount, $2,784,000 is fixed. Manufacturing overhead is allocated based on machine hours. The plant anticipates running the machines 232,000 hours next year Read the requirements Requirement 1. Compute the standard variable overhead rate Enter the formula, then compute the standard variable overhead rate. - Standard variable overhead rate