ChojnowskI Incorporated makes a single producta cooling coll used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard laborhours allowed for the actual output of the perlod. Data concerning the most recent year appear below:
Budgeted Planned Overhead:
Budgeted variable manufacturing overhead
Budgeted fixed manufacturing overhead
Total budgeted manufacturing overheadBudgeted production a
units
Standard hours per unit b
laborhours
Budgeted hours a
laborhours
Applying Overhead:
Actual production a
Standard hours per unit b
Standard hours allowed for the actual production a laborhours laborhours
Actual Overhead and Hours:
Actual variable manufacturing overhead
Actual fixed manufacturing overhead
Total actual manufacturing overhead.
Actual hours
table$
