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Sedona Company set the following standard costs for one unit of its product for 2015. The $5.20 ($3.60 + $1.60) total overhead rate per direct
Sedona Company set the following standard costs for one unit of its product for 2015. The $5.20 ($3.60 + $1.60) total overhead rate per direct labor hour is based on an expected operating level equal to 70% of the factory's capacity of 66,000 units per month. The following monthly flexible budget information is also available. During the current month, the company operated at 65% of capacity, employees worked 410,000 hours, and the following actual overhead costs were incurred. (Do not round intermediate calculations. Round "OH costs per hour" to 2 decimal places.) Compute the predetermined overhead application rate per hour for variable overhead, fixed overhead, and total overhead at 70% of capacity Compute the total variable and total fixed overhead variances
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