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Hogle Mfg. Co. uses a standard costing system. The standard time to produce one unit is 4 hours, and normal production is 3,000 units monthly.
Hogle Mfg. Co. uses a standard costing system. The standard time to produce one unit is 4 hours, and normal production is 3,000 units monthly. Overhead costs were estimated to be $135,000. The standard variable overhead rate is $5 per machine hour. During April the following results were recorded:
Units produced 3,100
Units sold 2,800
Machine hours required 12,800
Actual overhead costs $136,000
what was fixed overhead production volume variance and The total overhead allocated
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