Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following information was taken from the annual manufacturing overhead cost budget of Waterway Company: Variable manufacturing overhead costs $35,200 Fixed manufacturing overhead costs
The following information was taken from the annual manufacturing overhead cost budget of Waterway Company: Variable manufacturing overhead costs $35,200 Fixed manufacturing overhead costs $18,400 Normal production level in labour hours 16,000 Normal production level in units 4,000 Standard labour hours per unit 4 During the year, 3,800 units were produced, 15,400 hours were worked, and the actual manufacturing overhead was $53,020. Actual fixed manufacturing overhead costs equalled the budgeted fixed manufacturing overhead costs. Overhead is applied based on direct labour hours (a) Calculate the total, fixed, and variable predetermined manufacturing overhead rates. (Round answers to 2 decimal places, eg. 15.25.) Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead $ Tauthaalandadla Rate
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started