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The Maxwell Corporation has a standard costing system in which variable manufacturing overhead is assigned to production on the basis of standard machine-hours. The following
The Maxwell Corporation has a standard costing system in which variable manufacturing overhead is assigned to production on the basis of standard machine-hours. The following data are available for July: Actual variable manufacturing overhead cost incurred: $32,500 Actual machine-hours worked: 1,750 hours Variable overhead rate variance: $4,500 Unfavorable Total variable overhead spending variance: $8,260 Unfavorable The standard number of machine-hours allowed for July production is:
1,515 hours
1,615 hours
1,715 hours
2,285 hours
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