Zeke's Bikes uses a standard cost system and provides the following information:
Standards:
Static budget variable overhead $
Static budget fixed overhead $
Static budget direct labor hours hours.
Static budget number of units units.
Static budget direct labor hours hours per unit.
Actual:
Number of units produced
Actual variable overhead $
Actual fixed overhead $
Actual direct labor hours
Round your answers to two decimal places when needed and use rounded answers for all future calculations
Compute the variable and fixed overhead allocation rates.
Budgeted VOH Budgeted allocation base Standard VOH allocation rate
