At Eady Corporation, maintenance is a variable overhead cost that is based on machine-hours. The performance report for July showed that actual maintenance costs totaled $8,760 and that the associated rate variance was $280 unfavorable. If 5,300 machine-hours were actually worked during July, the standard maintenance cost per machine-hour was:

Multiple Choice

• $1.65 per MH

• $1.71 per MH

• $1.60 per MH

• $1.76 per MH