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Find the actual overhead variable cost rate per machine hour

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Reference no: EM132964055

Question - The following data from the analysis of overhead variances for DC Furniture Company are available for the most recent year of operations.

Standard machine hours per unit of product 4 hours

Standard variable-overhead rate per machine hour $8.00

Budgeted fixed overhead costs $50,000

Budgeted production in units 25,000

Variable overhead spending variance $72,000

Unfavorable Fixed overhead budget variance $15,000

Unfavorable Actual total overhead costs incurred $713,000

Total overhead costs applied to production $816,000

Find the actual overhead variable cost rate per machine hour for the most recent year?

A. $10.83

B. $8.16

C. $7.13

D. $6.48

E. $9.00

Reference no: EM132964055

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