Homework, Week 1, Chapter 810Review Exercises1. Regal Company provides the following information on its manufacturing operations for April:Production in output units400Budgeted variable overhead cost rate per output unit$3Actual machine-hours used700Actual variable overhead costs$1,350Budgeted machine-hours allowed per output unit1.50a.Compute the budgeted variable overhead cost rate per machine-hour.
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b.Compute the budgeted machine-hours allowed for actual output produced.
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c.Using the columnar format below, compute the variable overhead spending and efficiency variances. Use F for favorable variances andU for unfavorable variances.
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