Fearless franks fertalizer farm produces fertalizer and, Ask an Expert

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Fearless Frank's Fertalizer Farm produces fertalizer and distributes the product by using his tanker trucks. Frank's uses budgeted fleet hours to allocate variable manufacturing overhead. The following information pertains to the company's manufacturing overhead data:

Budgeted output units 300 truckloads
Budgeted fleet hours 225 hours
Budgeted pounds of fertalizer 12,000,000 pounds
Budgeted variable manufacturing overhead costs for 300 loads $37,500

Actual output units produced and delivered 315 truckloads
Actual fleet hours 218 hours
Actual pounds of fertalizer produced and delivered 12,600,000 pounds
Actual variable manufacturing overhead costs $38,250

What is the budgeted variable overhead cost rate per output unit?
What is the flexible-budget amount for variable manufacturing overhead?
What is the flexible-budget variance for variable manufacturing overhead?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M970373

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