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Harris county has developed the following standards for one of its products. Direct labor hours is the driver used to assign overhead costs to products.
Harris county has developed the following standards for one of its products. Direct labor hours is the driver used to assign overhead costs to products.
Direct materials 10 pounds x $3 per pound
Direct labor 25 hours x $8 per hour
Variable manufacturing overhead 25 hours x $2 per hour
The following activity occurred during the month of June
Materials purchased
125,000 pounds for $325,000
Materials used 110,000 pounds
Units produced 10,000 units
Direct labor $180,000 for 24,000 dh
Actual variable manufacturing overhead $51,000
Actual fixed manufacturing overhead $132,000
Budgeted fixed manufacturing overhead was $138,000 with a fixed manufacturing overhead rate of $8 per hour
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