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Privack Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output
Privack Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: |
Variable overhead cost per direct labor-hour | $4.50 |
Total fixed overhead cost per year | $490,455 |
Budgeted standard direct labor-hours (denominator level of activity) | 75,455 |
Actual direct labor-hours | 82,000 |
Standard direct labor-hours allowed for the actual output | 81,000 |
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