Reference no: EM132728297
Mosbach Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output ofthe period. Data concerning the most recent year are as follows:
Budgeted production [Motors] .................... 25000
Standard machine-hours per motor ......... 2
Budgeted machine-hours [2*25000 motors] 50000
Actual production {Motors} ...................... 20000
Standard machine-hours alowed for actual production 40000
Actual machine-hours .................... 41500
Budgeted variable manufacturing overhead . . . $ 35,000
Budgeted fixed manufacturing overhead ..... $ 300,000
Total budgeted manufacturing overhead ...... $ 335,000
Actual variable manufacturing overhead ...... $ 32,500
Actual ?xed manufacturing overhead ......... $ 305,000
Total actual manufacturing overhead ......... $ 339,800
Required:
Problem 1. Compute the predetermined overhead rate for the year - both variable and ?xed.
Problem 2. Determine the amount of overhead that would be applied to the output of the period.
Problem 3. calculate budget and volume variance
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