Exercise 11-23 (Part Level Submission) The information shown below was taken fro

Question

Exercise 11-23 (Part Level Submission) The information shown below was taken from the annual manufacturing overhead cost budget of Connick Company Variable manufacturing overhead costs Fixed manufacturing overhead costs Normal production level in labor hours Normal production level in units Standard labor hours per unit $24,000 $14,400 9,600 4,800 During the year, 4,600 units were produced, 15,900 hours were worked, and the actual manufacturing overhead was $38,500. Actual fixed manufacturing overhead costs equaled budgeted fixed manufacturing overhead costs. Overhead is applied on the basis of direct labor hours. Compute the total, fixed, and variable predetermined manufacturing overhead rates. (Round answers to 2 decimal places, e.g. 1.25.) Item Variable overhead Fixed overhead Rate Total overhead Attempts: 0 of 10 used SAVE FOR LATER SUBMIT ANSWER The parts of this question must be completed in order. This part will be available when you complete the part above

Explanation / Answer

Calculate overhead rate

Item Rate Variable overhead (24000/9600) 2.5 per labour hour Fixed overhead (14400/9600) 1.5 per labour hour Total overhead 4.0 per labour hour

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