CoursHeroTranscribedText: Awning manufactures awnings and uses a standard cost system. The company allocates overhead based...
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CoursHeroTranscribedText: Awning manufactures awnings and uses a standard cost system. The company allocates overhead based on the number of direct labor hours. The following are the company's cost and standardsdata Standard price and volume Standards: Direct motorists 24.0 yards per aiming at 511,00 per yard Direct labor 2.0 hours per awning at $1100 par hour Variable MOH standard rate $7.00 per direct labor hour Predatorrnined fixed MOH standard rate 58.00 per direct labor hour Total budgeted fixed MOH mot $21300 X Actual results Purchased 38,400 yards at a total cost of $399,360 Used 34,900 yards in producing 1,500 awnings Actual direct labor cost of $34,727 for a total of 2,870 hours Actual variable MOH $20,377 Actual fixed MOH $26,200 Print Done
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