Reference no: EM132762444

The information shown below was taken from the annual manufacturing overhead cost budget of Flint Company.

Variable manufacturing overhead costs $54,000

Fixed manufacturing overhead costs $30,000

Normal production level in labor hours 20,000

Normal production level in units 5,000

Standard labor hours per unit 4

During the year, 4,900 units were produced, 19,900 hours were worked, and the actual manufacturing overhead was $84,020. Actual fixed manufacturing overhead costs equaled budgeted fixed manufacturing overhead costs. Overhead is applied on the basis of direct labor hours.

Problem 1: Compute the total, fixed, and variable predetermined manufacturing overhead rates.