1. Litchfield Industries gathered the following information for the month ended June 31:
2. The static budget volume is 5000 units:
3. Overhead flexible budget:

Number of units	8,000	9,000	10,000
Standard machine hours	8,800	9,900	11,000
Budgeted variable overhead costs:	$26,400	$29,700	$33,000
Budgeted fixed overhead costs:	$13,750	$13,750	$13,750

1. Actual production was 14,000 units. Actual overhead costs were $27,000 for variable costs and $38,000 for fixed costs. Actual machine hours worked were 17,000 hours.
2. What is the standard variable overhead rate per machine hour?
3. 
   
4. A. $1.39
5. 
   
6. B. $3.00
7. 
   
8. C. $2.16
9. 
   
10. D. $3.30

Answer rating: 100% (QA)

Answer B 300 Standard variable overhead rate per machine hour 297009900 300 The Correct Answ... View the full answer