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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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
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