3

Assume that a company uses a standard cost system and applies overhead to production based on direct labor-hours. It provide the following excerpt from the standard cost card of its only product: During the most recent period, the following additional information was available: - The total actual fixed overhead cost was $275,000. - The budgeted amount of fixed overhead cost was $285,000. - 46,000 direct labor-hours were actually used to produce 24,100 units. What is the standard hours allowed for the actual output? Multiple Choice 48,200 hours 45,833 hours 92,000 hours Mltiple Choice 48,200 hours 45,833 hours 92,000 hours 47,500 hours