Reference no: EM132476589
Question - Walkenhorst Company's machining department prepared its 2016 budget based on the following data:
Practical capacity 40,000 units
Machine hours per unit 2.00
Variable factory overhead $3.00 per machine hour
Fixed factory overhead $400,000
The department uses machine hours to apply factory overhead. In 2016, the department used 85,400 machine hours and $659,000 in total manufacturing overhead to manufacture 42,040 units. Actual fixed overhead for the year was $405,000.
Required -
1. What is the variable, fixed, and total factory overhead application rates?
2. What is the flexible budget for overhead cost based on output achieved in 2016?
3. What is the fixed overhead production volume variance?
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