Solution-Calculate the standard fmoh allocated to production

Calculate the standard fmoh allocated to production

Reference no: EM132739072

Company budgeted production level in units is 60,000 units of output with a budgeted fixed cost of $480,000 and budgeted variable cost of $348,000. Each unit requires 2 hours of direct labor. (Use T accounts to help yourself)

Production: 58,500 units

Direct labor hours used: 128,700

Total actual MOH costs incurred: $819,228

Total actual FIXED MOH costs incurred: $480,643

Problem 1. Calculate the standard (budgeted) VMOH cost per unit and per hour

Problem 2. Calculate the standard (budgeted) FMOH cost per unit and per hour

Problem 3. Calculate the standard VMOH allocated to production during the year and prepare journal entry

Problem 4. Calculate the standard FMOH allocated to production during the year and prepare journal entry

Reference no: EM132739072

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Calculate the standard fmoh allocated to production

Reference no: EM132739072

Reference no: EM132739072

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