ssume that a company uses a standard cost system and applies overhead to production based on direct labor-hours. It provided the following excerpt from the standarc ost card of its only product: uring the most recent period, the following additional information was avallable: - The total actual fixed overhead cost was $275,000. - The budgeted amount of fixed overhead cost was $285,000. - 46,000 direct labor-hours were actually used to produce 24,100 units. - What is the standard hours allowed for the actual output? Multiple Choice 92,000 hours 45,833 hours 48,200 hours 47,500 hours