Reference no: EM132992441
Question - Rax Company has developed the following standards for one of its products:
Direct materials 12 pounds ´ £14 per pound
Direct labour 3 hours ´ £18 per hour
Variable overhead 3 hours ´ £8 per hour
The following activities occurred during the month of October:
Materials purchased 10,000 pounds at £13.60 per pound
Materials used 9,000 pounds
Units produced 800 units
Direct labour 2,500 hours at £19.00 per hour
Actual variable overhead £22,000
The company records materials price variances at the time of purchase.
If actual fixed overhead was £120,000 and there was a £2,600 favorable spending variance and a £2,000 unfavorable volume variance, determine the budgeted fixed overhead?
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Determine the budgeted fixed overhead
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How much was the bad debt expense the year
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