Exercise 10A-7 Relations Among Fixed Overhead Variances [LO10-4]

Exercise 10A-7 Relations Among Fixed Overhead Variances [L010-4] Selected information relating to Yost Company's operations for the most recent year is given below Activity Denominator activity (machine-hours) Standard hours allowed per unit Number of units produced 21,500 2.5 8,400 $74,000 Actual fixed overhead costs incurred Fixed overhead budget variance xoverhead $1,250 F The company applies overhead cost to products on the basis of standard machine-hours Required 1. What were the standard machine-hours allowed for the actual production? (Round "Standard the actual production? (Round "Standard machine-hours allowed per unit" to 1 decimal place.) Number of units produced Standard machine-hours allowed per unit Standard machine-hours