Litchfield Industries gathered the following information for the month ended June 31: The static budget volume is
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Question:
- Litchfield Industries gathered the following information for the month ended June 31:
- The static budget volume is 5000 units:
- Overhead flexible budget:
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- Actual production was 14,000 units. Actual overhead costs were $27,000 for variable costs and $38,000 for fixed costs. Actual machine hours worked were 17,000 hours.
- What is the standard variable overhead rate per machine hour?
- A. $1.39
- B. $3.00
- C. $2.16
- D. $3.30
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