Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
bernie2981 bernie2981
wrote...
Posts: 3810
8 years ago
Litchfield Industries gathered the following information for the month ended June 31:

The static budget volume is 5,500 units:

Overhead flexible budget:

Number of units   9,000   10,000   11,000
Standard machine hours   13,000   14,500   16,000
         
Budgeted variable overhead costs:   $50,000   $56,000   $62,000
Budgeted fixed overhead costs:   $35,750   $35,750   $35,750

Actual production was 12,000 units. Actual overhead costs were $28,000 for variable costs and $37,000 for fixed costs. Actual machine hours worked were 16,000 hours.

What is the standard variable overhead rate per machine hour?
A) $3.86
B) $2.47
C) $4.31
D) $3.50
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 410 times
2 Replies
Replies
Answer verified by a subject expert
nucleinuclei
wrote...
Top Poster
Posts: 2158
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

bernie2981 Author
wrote...
8 years ago
You're such a dedicated member, I very much appreciate the help.

Marking this solved ✓
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  975 People Browsing
Related Images
  
 706
  
 28
  
 250
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 741