Requirement $4.$ Assuming fixed overhead is allocated using$$ crate$-$packing hours, what is the predetermined fixed overhead allocation$$ rate?

Determine the formula first. Then enter the amounts to calculate the static budget fixed overhead rate. $($Enter your answer to the nearest$$ cent.$)$

Part $8$

Budgeted fixed costs

$-$:

Budgeted packing hours

$=$

Static budget fixed overhead rate

$$55,000$

$-$:

$27,500$

$=$

$$2\mathrm{.}00$

per hour

Part $9$

Requirement $5.$ For variable direct$$ batch$-$level costs, compute the price and efficiency variances.

Begin by calculating the following amounts.

Budgeted Hours Allowed

Actual Hours

for Actual Output

Actual Variable

$\backslash$times

$\backslash$times

Overhead

Budgeted Rate

Budgeted Rate