An Accounting problem?

Question

Say a company prepared a flexible budget and it contained the following information:

2000 direct labor hours $90000 budgeted overhead

5000 direct labor hours $150000 budgeted overhead

What would the standard variable overhead rate be and how much fixed overhead was budgeted?

Answer 1

You don't provide enough information to determine what the fixed overhead labor budget is since the premise of your question states that these are elements of a flexible (not fixed) budget.

Answer 2

Ummm... I really should know this but all the stuff I learned in Accounting has disappeared for the summer... sorry!