The manufacturing overhead costs are applied to products on thebasis of machine time. Unfortunately, due to system glitch, severalnumbers and labels have been omitted from the analysis of fixedoverhead below. Supply the missing numbers and labels to helpout:
1) Assume 6 minutes of machine time is standard per unit ofproduction. How many units were actually produced in thissituation?
Actual Fixed Overhead Cost | Flexible Budget Overhead Cost | Fixed Overhead Cost Applied to Work in Progress |
(a) | (b) | 302,100 MH x $1.08 = (c) |
| Budget variance, $1,880 U | (d) |
| Total variance, $388 F | (e |
