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Dew Company employs standard costing and applies overhead based upon machine labor hours. Monthly production is scheduled at 500 units. Standard and actual data for
Dew Company employs standard costing and applies overhead based upon machine labor hours. Monthly production is scheduled at 500 units. Standard and actual data for the month is as follows:
Standards | |
Variable overhead | 4 hours @ $10 per hour |
Fixed overhead | 4 hours @ $12 per hour |
Actual | |
Units produced | 550 units |
Machine hours | 2,375 hours |
The standard hours allowed for the month are?
A. | 4,400 | |
B. | none of these | |
C. | 2,375 | |
D. | 2,000 | |
E. | 2,200 |
The budgeted hours for the month are?
A. | 2,375 | |
B. | 4,400 | |
C. | 2,200 | |
D. | none of these | |
E. | 2,000 |
edit: I added question marks to the questions. They are right over the multiple choice options. Thanks!
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