Deidoro Company has provided the following data for maintenance cost: Prior Year Current YearMachine hours 8,000 10,000Maintenance cost$26,600 $31,000 Maintenance cost is a mixed cost with variable and fixed components. The fixed and variable components of maintenance cost are closest to:
A. $26,600 per year; $3.10 per machine hour
B. $9,000 per year; $3.10 per machine hour
C. $26,600 per year; $2.20 per machine hour
D. $9,000 per year; $2.20 per machine hour
Answer: D
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Vanliere Corporation has two production departments, Machining and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: MachiningFinishingMachine-hours 19,000 11,000Direct labor-hours 3,000 6,000Total fixed manufacturing overhead cost$138,700$52,800Variable manufacturing overhead per machine-hour$1.90 Variable manufacturing overhead per direct labor-hour $3.80 During the current month the company started and finished Job A803. The following data
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