Multiple Choice
Skillful Ltd budgeted $900,000 for total overhead. The standard variable overhead rate was $1 per direct labour hour, or $3 per unit, based on an anticipated activity level of 300,000 direct labour hours. During the year 110,000 units were produced. Fixed overhead costs incurred were $590,000. The variable overhead budget variance was $5,500 unfavourable, and the actual variable overhead rate was $1.10 per direct labour hour. The actual variable overhead costs incurred were:
A) $121,000
B) $330,000
C) $324,500
D) $335,500
Correct Answer:
Verified
Correct Answer:
Verified
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Q27: Skillful Ltd budgeted $900,000 for total overhead.
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