Budgeted fixed overheads
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Use the following information:
Actual Machine Hours 16400
Budgeted Machine Hours 15200
Toatl overhead recovery rate $22
Variable overhead recovery rate $14
Spending Variance $5,000
Required (Showing works):
Calculate the budgeted fixed overheads
The actual overhead incurred
The actual overhead applied
The capacity variance
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Solution Summary
Budgeted fixed overheads , budgeted fixed overheads ,The actual overhead incurred,The actual overhead applied,The capacity variance are calculated
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Hi,
Please see the response to your posting as below:
Fixed overhead recovery rate = Total overhead recovery rate - Variable overhead recovery rate = $22-$14 =$8
Budgeted fixed cost = Fixed overhead recovery rate * Budgeted Machine Hours =15200*8 =121600
The actual overhead incurred = ...
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