Oriole Company has gathered the following information: Variable manufacturing overhead costs $13,230 Fixed manufacturing overhead costs $10,260 Normal production level in labour hours 9,000 Standard labour hours 9,500 During the year, 3,000 units were produced, 10,900 hours were worked, and the actual manufacturing overhead was $21,300. Actual fixed overhead totalled $10,280. Oriole applies overhead based on direct labour hours. (a) Calculate the total, fixed, and variable predetermined overhead rates. (Round calculations and final answer to 2 decimal places, e.g. 15.25) Fixed predetermined ovehead rate $ per DL hour Variable predetermined ovehead rate $ per DL hour Total predetermined ovehead rate $ per DL hour

Oriole Company has gathered the following information: Variable manufacturing overhead costs $13,230 Fixed manufacturing overhead costs $10,260 Normal production level in labour hours 9,000 Standard labour hours 9,500 During the year, 3,000 units were produced, 10,900 hours were worked, and the actual manufacturing overhead was $21,300. Actual fixed overhead totalled $10,280. Oriole applies overhead based on direct labour hours. (a) Calculate the total, fixed, and variable predetermined overhead rates. (Round calculations and final answer to 2 decimal places, e.g. 15.25) Fixed predetermined ovehead rate $ per DL hour Variable predetermined ovehead rate $ per DL hour Total predetermined ovehead rate $ per DL hour

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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