Robusta Enterprises produces bags of roasted coffee beans an…

Robusta Enterprises produces bags of roasted coffee beans and uses a standard cost accounting system. Robusta allocates manufacturing overhead based on machine hours, and the machine hour standard is 2.5 hours per unit of finished goods. During the current year, actual output is 15,000 units and actual fixed manufacturing overhead costs are $585,000. Budgeted fixed manufacturing overhead costs are $630,000, and the fixed manufacturing overhead volume variance is $30,000 unfavorable. What is Robusta’s standard fixed manufacturing overhead rate per machine hour?

Coconut Industries uses a standard cost accounting system. D…

Coconut Industries uses a standard cost accounting system. During the current year, Coconut records the following variances: Prior to closing the variance accounts, Coconut’s cost of goods sold at standard costs is $100,000. What is Coconut’s cost of goods sold after it closes the variance accounts? Round to the nearest whole dollar and do not enter a dollar sign (e.g., enter 89, not $89.00).