Suski Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent monthSuski Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month

Budgeted level of activity ... ............................................... 7,400 MHs

Actual level of activity ... .................................................... 7,500 MHs

Cost formula for variable overhead cost ... ......................... $5.90 per MH

Budgeted fixed overhead cost ... ..................................... $60,000

Actual total variable overhead ... .................................... $42,750

Actual total fixed overhead ... ......................................... $61,000