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Business, 03.08.2021 15:50 haitch

The Penguin Company uses standard costs. Their standards specify .5 direct labor hours per unit of product. Variable overhead is allocated based on direct labor hours. Beginning of the year, static budget standards: Budgeted production volume in units 5,000 Budgeted variable overhead costs $20,000 Budgeted direct labor hours 500 At the end of the year, actual data is: Production Volume in units 4,500 Actual variable overhead costs $22,000 Actual direct labor hours 520 1. What is the variable overhead standard cost per DIRECT LABOR HOUR

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