The following information was taken from the annual manufacturing overhead cost budget of Indigo Company: Variable manufacturing overhead costs Fixed manufacturing overhead costs Normal production level in labour hours $36,660 $19,500 15,600

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Chapter10: Standard Costing And Variance Analysis
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Problem 58E: At the beginning of the year, Lopez Company had the following standard cost sheet for one of its...
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The following information was taken from the annual manufacturing overhead cost budget of Indigo Company:
Variable manufacturing overhead costs
Fixed manufacturing overhead costs
Normal production level in labour hours
Normal production level in units
Standard labour hours per unit
$36,660
$19,500
15,600
3,900
During the year, 3,700 units were produced, 15,000 hours were worked, and the actual manufacturing overhead was $55,980. Actual
fixed manufacturing overhead costs equalled the budgeted fixed manufacturing overhead costs. Overhead is applied based on direct
labour hours.
Transcribed Image Text:The following information was taken from the annual manufacturing overhead cost budget of Indigo Company: Variable manufacturing overhead costs Fixed manufacturing overhead costs Normal production level in labour hours Normal production level in units Standard labour hours per unit $36,660 $19,500 15,600 3,900 During the year, 3,700 units were produced, 15,000 hours were worked, and the actual manufacturing overhead was $55,980. Actual fixed manufacturing overhead costs equalled the budgeted fixed manufacturing overhead costs. Overhead is applied based on direct labour hours.
Calculate the total, fixed, and variable predetermined manufacturing overhead rates. (Round answers to 2 decimal places, e.g.
15.25.)
Variable manufacturing overhead
Fixed manufacturing overhead
Total manufacturing overhead
Rate
Transcribed Image Text:Calculate the total, fixed, and variable predetermined manufacturing overhead rates. (Round answers to 2 decimal places, e.g. 15.25.) Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Rate
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