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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 $110,000 and the budgeted machine hours are 55,000. After year end, Acme determines that the fixed manufacturing overhead budget variance is $1,450 favorable and the fixed manufacturing overhead volume variance is $2,320 favorable. Actual machine hours for the year are 57,500. For purposes of computing overhead variances, what are the standard machine hours allowed for actual production?
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