Solution-Determines factory overhead rate based on

Determines factory overhead rate based on practical capacity

Reference no: EM13876599

Analysis of the Total Overhead Variance

Simpson Manufacturing has the following standard cost sheet for one of its products:

Direct materials	5 pounds at $2 per pound	Total $ 10
Direct labor	2 hours at $25 per hour	50
Variable factory overhead	2 hours at $5 per hour	10
Fixed factory overhead	2 hours at $20 per hour	40
Cost per unit		$110

The company uses a standard cost system and applies factory overhead based on direct labor hours and determines the factory overhead rate based on a practical capacity of 400 units of the product.

Reference no: EM13876599

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Determines factory overhead rate based on practical capacity

Reference no: EM13876599

Reference no: EM13876599

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