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Bolt Industries Gathered the Following Information for the Month Ended

Question 203

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Bolt Industries gathered the following information for the month ended March 31:
The static budget volume is 4,500 units:
Overhead flexible budget:
Bolt Industries gathered the following information for the month ended March 31: The static budget volume is 4,500 units: Overhead flexible budget:     Actual production was 10,000 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 variable overhead rate per machine hour at Bolt Industries? A)  $3.60 B)  $2.00 C)  $2.50 D)  $4.00
Actual production was 10,000 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 variable overhead rate per machine hour at Bolt Industries?


A) $3.60
B) $2.00
C) $2.50
D) $4.00

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