- Compute varaible overhead amount in static budget

- Compute flexible budget direct labor amount

Belmont Company uses a standard cost system for manufacturing its single product, called Zoom. Company assigns factory overhead cost using predetermined overhead rates based on machine hours. The following data are available for current year. Standards per unit of product for planned production of 33,000 units: Budgeted machine hours 66,000 hours Raw materials 4.40 pounds at $10.20 per pound Direct labor Variable overhead 1.4 hours at $13.50 per hour 2 MH at $5.40 per machine hour 2 MH at $6.00 per machine hour Fixed overhead Budgeted fixed overhead $396,000 Actual results for the current year. Produced 32,800 Units -Purchased 150,000 pounds of raw materials at $10.50 per pound - Used 137,760 pounds of raw materials for production of 32 800 units Actual results for the current year: -Produced 32,800 Units -Purchased 150,000 pounds of raw materials at $10.50 per pound - Used 137,760 pounds of raw materials for production of 32,800 units -Used 42,640 hours of direct labor for $579,904 - Used 65,600 hours of machine for production -Actual variable overhead cost was $360,800 -Actual fixed overhead cost was $385,000 Compute variable overhead amount in static budget