Chapter 7, Problem 6P

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At the end of the year, actual manufacturing overhead costs were $120,000, and applied manufacturing overhead costs were 136,500. If the denominator activity for the year was 20,000 machine hours, and if 21,000 standard machine hours were allowed for the year's production, calculate the predetermined overhead rate per machine hour.

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In 2023, Siemens Industries sold 5,500 units at $420 each. Variable expenses were $275 per unit, and fixed expenses were $693,000. The same variable expenses per unit and fixed expenses are expected for 2024. If Siemens cuts selling price by 6%, what is Siemens's break-even point in units for 2024? Correct answer