Litchfield Industries gathered the following information for the month ended June 31: The static budget...
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Litchfield Industries gathered the following information for the month ended June 31: The static budget volume is 5,000 units: Overhead flexible budget: Number of units Standard machine hours 13,000 18,200 14,000 19,600 15,000 21,000 Budgeted variable overhead costs: $81,900 $88,200 $94,500 Budgeted fixed overhead costs: $16,800 $16,800 $16,800 Actual production was 12,500 units. Actual overhead costs were $30,000 for variable costs and $37,000 for fixed costs. Actual machine hours worked were 18,000 hours What is the standard variable overhead rate per machine hour? O A $5.25 OB. $0.86 OC. $4.50 OD $6.30 Click to select your
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