Flatland Company applies fixed manufacturing overhead costs to products based on direct labor hours. Information for the month of April appears below. Flatland expects to produce and sell 18,000 units for the month. Below is budget information for Flatland Company. Budgeted fixed overhead costs $270,000 Budgeted direct labor hours 90,000 hours Standard direct labor hours per unit 5 hours per unit Actual production 17,000 Actual fixed overhead costs $280,000 Refer to Exhibit 10-1. Based on this information, 

what is the standard fixed overhead cost per direct labor hour (rounded to the nearest cent)?

Answer rating: 100% (QA)

To calculate the standard fixed overhead cost per direct labor hour we first need ... View the full answer