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Acme Company uses a standard cost accounting system and applies manufacturing overhead costs to inventory based on machine hours. During the current year, Acme s
Acme Company uses a standard cost accounting system and applies manufacturing overhead costs to inventory based on machine hours. During the current year, Acmes budgeted fixed manufacturing overhead costs are $ and the budgeted machine hours are After year end, Acme determines that the fixed manufacturing overhead budget variance is $ favorable and the fixed manufacturing overhead volume variance is $ favorable. Actual machine hours for the year are For purposes of computing overhead variances, what are the standard machine hours allowed for actual production?
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