Answer:
Predetermined manufacturing overhead rate= $29 per machine hour
Explanation:
Giving the following information:
Estimated machine-hours 33,100
Estimated variable manufacturing overhead $5.72 per machine-hour
Estimated total fixed manufacturing overhead $770,568
<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (770,568/33,100) + 5.72
Predetermined manufacturing overhead rate= $29 per machine hour
A safe deposit box is a private, secure storage area at a location such as a bank. Documents such as adoption or birth records, wills, and marriage or divorce records, stock certificates, Social Security cards, and passports may be kept in them.
A commercial bank is a financial institution that is authorized by law to receive money from businesses and individuals and lend money to them. Commercial banks are also open to the public and serve individuals, institutions, and businesses.
Answer:
C
Explanation:
Material price variance
Actual cost of materials =$ 6,888
Standard cost of material = 8200*0.8 =$6560
Variance ( Difference between the actual and budgeted price for materials)
= (6888-6560)
= $328 unfavorable variance.
Material quantity variance
Standard material per unit = 8 kilogram
Actual units produced = 870
Standard material = 6960
Actual material used = 7150
Material quantity variance = Difference in quantity of material used multiplied by the standard cost of material (7150-6960)*0.8
=$ 152 unfavorable variance
The two variances are unfavorable as they exceeded the budget