Maple Leaf Production manufactures truck tires. The following information is available for the last operating period. .

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Maple Leaf Production Manufactures Truck Tires The Following Information Is Available For The Last Operating Period 1 (41.42 KiB) Viewed 82 times

Maple Leaf Production manufactures truck tires. The following information is available for the last operating period. . Maple Leaf produced and sold 94,000 tires for $49 each. Budgeted production was 98,000 tires. Standard variable costs per tire follow. Direct materials: 4 pounds at $2.00 Direct labor: 0.45 hours at $21.00 Variable production overhead: 0.29 machine-hours at $15 per hour Total variable costs $ 8.00 9.45 4.35 $21.80 . Fixed production overhead costs: Monthly budget $1,385,000 Fixed overhead is applied at the rate of $15.00 per tire • Actual production costs: Direct materials purchased and used 388,000 pounds at $1.70 Direct labor: 40,500 hours at $21.30 Variable overhead: 28,000 machine hours at $15.60 per hour Fixed overhead $659,600 862,650 436,800 1,386,000