Inc. gathered the following information for the month ended March 31, 2009:
Actual production was 5,000 units. Actual overhead costs were $26,000 for variable costs and $35,000 for fixed costs. Actual machine hours worked were 14,100 hours. What is the standard rate of variable overhead per machine hour?

Question

Inc. gathered the following information for the month ended March 31, 2009:
 Actual production was 5,000 units. Actual overhead costs were $26,000 for variable costs and $35,000 for fixed costs. Actual machine hours worked were 14,100 hours. What is the standard rate of variable overhead per machine hour?

Quizplus · Accepted Answer

The Answer of Inc. gathered the following information for the month ended March 31, 2009:
 Actual production was 5,000 units. Actual overhead costs were $26,000 for variable costs and $35,000 for fixed costs. Actual machine hours worked were 14,100 hours. What is the standard rate of variable overhead per machine hour?

Inc Gathered the Following Information for the Month Ended March