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Management accounting A manufacturer of industrial equipment has a standard costing system based on machine hours (MHs) as the measure of activity. Data from the

Management accounting

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A manufacturer of industrial equipment has a standard costing system based on machine hours (MHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: Denominator Level of Activity 3,900 MHs Overhead Costs at the Denominator Activity Level: Variable Overhead Cost $33,345 Fixed Overhead Cost $61,425 The following data pertain to operations for the most recent period: Actual Hours 3,900 MHs Standard Hours Allowed for the Actual 3,952 MHs Output Actual Total Variable Overhead Cost $32,565 Actual Total Fixed Overhead Cost $60,675QUESTIONS: a. What were the Predetermined OverHead Application Rates [POHAR], each rounded to the nearest cent? b. Determine the fixed overhead variances c. How much overhead (in total), was applied to products during the period? Show the breakdown. Manufacturing Overhead - - Fixed Actual Budget Applied

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