Question
I am trying to find fixed overhead applied to work in process, what I know is my standard allowed activity hours are 39,000 I don't
I am trying to find fixed overhead applied to work in process, what I know is my standard allowed activity hours are 39,000 I don't know how to calculate standard fixed overhead rate.
Here is the rest of the information I have:
Standard variable-overhead rate$15per direct-labor hourStandard quantity of direct labor2.0hours per unit of outputBudgeted fixed overhead$360,000Budgeted output28,000units
Actual results for April are as follows:
Actual output19,500unitsActual variable overhead$814,860Actual fixed overhead$321,000Actual direct labor50,300hours
I am looking for the stanadard fixed overhead rate.
Thanks.
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