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Flaco69 Flaco69
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11 months ago

The Maxit Corporation has a standard costing system in which variable manufacturing overhead is assigned to production on the basis of standard machine-hours. The following data are available for July:

  • Actual variable manufacturing overhead cost incurred: $11,310
  • Actual machine-hours worked: 1,600 hours
  • Variable overhead rate variance: $1,710 U
  • Total variable overhead spending variance: $2,310 U

The standard number of machine-hours allowed for July production is closest to:



▸

1,600 hours



▸

1,700 hours



▸

1,300 hours



▸

1,500 hours

Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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sania24sania24
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11 months ago
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