The following information is available from the Terry Company: Actual total factory overhead cost incurred $ 28,000 Actual fixed overhead cost incurred $ 12,100 Budgeted fixed overhead expenses $ 14,000 Actual direct labor hours (DLH) worked 4,800 Standard DLHs for this period’s production (output) 5,100 Standard variable overhead rate per DLH $ 3.00 Standard fixed overhead rate per DLH $ 2.50

The following information is available from the Terry Company: Actual total factory overhead cost incurred $ 28,000 Actual fixed overhead cost incurred $ 12,100 Budgeted fixed overhead expenses $ 14,000 Actual direct labor hours (DLH) worked 4,800 Standard DLHs for this period’s production (output) 5,100 Standard variable overhead rate per DLH $ 3.00 Standard fixed overhead rate per DLH $ 2.50

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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Actual total factory overhead cost incurred	$ 28,000
Actual fixed overhead cost incurred	$ 12,100
Budgeted fixed overhead expenses	$ 14,000
Actual direct labor hours (DLH) worked	4,800
Standard DLHs for this period’s production (output)	5,100
Standard variable overhead rate per DLH	$ 3.00
Standard fixed overhead rate per DLH	$ 2.50

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