(Answered) Question - the 600 fixed overhead rate is based on total

Accounting

Question - The $6.00 fixed overhead rate is based on total budgeted fixed overhead costs of $18,000 and estimated sales of 3,000 units. There were no changes in any inventory account during the period. The company produced and sold 3,100 units at the following costs:

Direct materials (9,000 lbs.) $81,270

Direct labor (6,000 hrs.) 78,000

Variable overhead 76,000

Fixed overhead 16,500

Total production costs incurred $251,770

Please prepare a flexible budget to evaluate the current year?

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