Vermeillen Corporation uses a standard costing system in which variable manufacturing overhead is assigned to production on the basis of the number of machine setups. The following data pertain to one month's operations:•Variable manufacturing overhead cost incurred: $70,000 •Total variable manufacturing overhead variance: $4,550 Favorable •Standard machine setups allowed for actual production: 3,550 •Actual machine setups incurred: 3,500 The standard variable overhead rate per machine setup is:
A. $21.30
B. $18.44
C. $21.00
D. $20.00
Answer: C
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