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Pickul Awning manufactures awnings and uses astandard cost system. The company allocates overhead based on the number of direct labor hours. The following are the
Pickul Awning manufactures awnings and uses astandard cost system. The company allocates overhead based on the number of direct labor hours. The following are the companys cost and standards data: (Click the icon to view the standards.) Actual cost and operating data from the most recent month are as follows: BEE (Click the icon to view the actual results.) All manufacturing overhead is allocated on the basis of direct labor hours. Data Table Data Table Standards Purchased 52,500 yards at a total cost of $593,250 Direct materials 20.0 yards per awning at $12.00 per yard Used 49,100 yards in producing 2,600 awnings Direct labor 4.0 hours per awning at $17.00 per hour Actual direct labor cost of $170,578 for a total of 9,860 hours Variable MOH standard rate $3.00 per direct labor hour Actual variable MOH $30,566 Predetermined fixed MOH standard rate $12.00 per direct labor hour Actual fixed MOH $123,200 Total budgeted fixed MOH cost $117,700 he nearest whole dollar. Label the variance as Print Done Print Done
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