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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: $34,740
Actual machine-hours worked: 1,400 hours
Variable overhead rate variance: $3,940 Unfavorable
Total variable overhead spending variance: $6,690 Unfavorable
The standard number of machine-hours allowed for July production is:
1,275 hours
1,375 hours
1,475 hours
2,045 hours
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