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Zeke's Bikes uses a standard cost system and provides the following information: Standards: ...

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Accounting

Zeke's Bikes uses a standard cost system and provides the following information:
Standards:
Static budget variable overhead $5,170.00.
Static budget fixed overhead $20,700.00.
Static budget direct labor hours 360 hours.
Static budget number of units 24,600 units.
Static budget direct labor hours 0.025 hours per unit.
Actual:
Number of units produced 24,000.
Actual variable overhead $5,110.00
Actual fixed overhead $23,900.00.
Actual direct labor hours 530.
(Round your answers to two decimal places when needed and use rounded answers for all future calculations).
1. Compute the variable and fixed overhead allocation rates.
Budgeted VOH ? Budgeted allocation base = Standard VOH allocation rate

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