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Question 3 (12 points) Rutch Corporation manufactured 54,000 door knobs during September. The fixed-overhead cost allocation rate is $50.00 per machine-hour. The following fixed overhead
Question 3 (12 points)
Rutch Corporation manufactured 54,000 door knobs during September. The fixed-overhead cost allocation rate is $50.00 per machine-hour. The following fixed overhead data pertain to September:
|
| Actual | Static Budget |
| Production | 54,000 units | 60,000 units |
| Machine-hours | 985 hours | 1,000 hours |
| Fixed overhead costs for March | $48,400 | $50,000 |
- What is the flexible-budget amount for fixed overhead?
- What is the amount of fixed overhead allocated to production?
- What is the fixed overhead rate, or budget, variance?
- What is the production-volume variance?
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