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show work please! Chillco Corporation produces Containers of frozen food. During April, Chillco produced 775 cases of food and incurred the following actual costs. Variable
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Chillco Corporation produces Containers of frozen food. During April, Chillco produced 775 cases of food and incurred the following actual costs. Variable overhead 6,700 Fixed overhead. 10,300 Actual labor cost (3,000 direct labor hours) 46,200 Actual material cost (16,500 pounds purchased and used) 31, 350 Overhead is budgeted and applied using direct-labor hours in a standard costing system. Standard cost and annual budget information are as follows: Standard costs per Case Direct labor 3 hours at $15 per hour) 45.00 pound) material 20 pounds at $1.60 per Direct 32.00 Variable overhead (3 direct-labor hours at 7.20 $2.40 per hour) Fixed overhead (3 direct-labor hours at $4 12.00 per hour) 96.20 Total Annual Budget Information variable overhead 72,000 $120,000 Fixed overhead Planned activity for year 30,000 direct-labor hoursStep by Step Solution
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