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ChojnowskI Incorporated makes a single product--a cooling coll used in commercial refrigerators. The company has...

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Accounting

ChojnowskI Incorporated makes a single product--a cooling coll used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the perlod. Data concerning the most recent year appear below:
Budgeted '(Planned) Overhead:
Budgeted variable manufacturing overhead
Budgeted fixed manufacturing overhead
Total budgeted manufacturing overheadBudgeted production (a)
25,000 units
Standard hours per unit (b)
1.70 labor-hours
Budgeted hours (a)(b)
42,500 labor-hours
Applying Overhead:
Actual production (a)
Standard hours per unit (b)
Standard hours allowed for the actual production (a)(b)1.70 labor-hours34,000 labor-hours
Actual Overhead and Hours:
Actual variable manufacturing overhead
Actual fixed manufacturing overhead
Total actual manufacturing overhead.
Actual hours
\table[[$74,812
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