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What fixed cost rate should be used

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Question - In 2015, Kranworth started allocating corporate R&D costs among its three divisions (Retail, Wholesale, Custom) using the dual rates method. The following information is available for 2015:

Actual R&D costs total 700,000

Budgeted total costs 670,000

Budgeted fixed 480,000

Budget (variable cost per hour) 100

Total R&D capacity (hours) 2,527

Retail Wholesale Custom

Budgeted hours 500 1,000 400

Total actual hours 600 1,100 500

Required - What fixed cost rate should be used for 2015?

Reference no: EM133067795

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