folowing budget data pertain to the Machining Department of Yokenverst Co: Maximum capacity Machine hours per unit Variable factory overhead Fixed factory overhead 75,000 units 2.5e $3.60 per nachine hour $432,400 The company prepared the budget et 6s of the maximum capacty level The depatment uses machine hours as the basis for applying standand factory overhead costs to production During the yeer the Machining Depertmet produced 50.000 units consuming 127500 machine hours and incuring $432.400 ef fed overhead For the current year the department has a ed overhe production volume varience rounded to the nearest whele dota, of Round your intermediate calculation to 2 decimal places
folowing budget data pertain to the Machining Department of Yokenverst Co: Maximum capacity Machine hours per unit Variable factory overhead Fixed factory overhead 75,000 units 2.5e $3.60 per nachine hour $432,400 The company prepared the budget et 6s of the maximum capacty level The depatment uses machine hours as the basis for applying standand factory overhead costs to production During the yeer the Machining Depertmet produced 50.000 units consuming 127500 machine hours and incuring $432.400 ef fed overhead For the current year the department has a ed overhe production volume varience rounded to the nearest whele dota, of Round your intermediate calculation to 2 decimal places
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following budget data pertain to the Machining Department ofl Yolkenverst Co
Maximum capacity
Machine hours per unit
Variable factory overhead
Fixed factory overhead
75,000 units
2.50
$ 3.60 per nachine hour
$432,480
The company prepared the budget st 68% of the maximum capecity levet The department uses machine houn as the basis for applyng standard factory overhead costs to production
During the yeer the Machining Department produced S0.000 units, consuming 127500 machine houn and incuring $432.400 of fed oveihead. For the current year the department has a feed overhead
production volume varlance, rounded to the nearest whole dotar, of (Round your intermediate calculation to 2 decimal places
Me Choce
$3.40 ate
ST020 untavt
10.40tevorte
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