The Maxit Corporation Has a Standard Costing System in Which $\bullet$

question 117

Multiple Choice

The Maxit 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: $\bullet$ Actual variable manufacturing overhead cost incurred: $11,310
$\bullet$ Actual machine-hours worked: 1,600 hours
$\bullet$ Variable overhead rate variance: $1,710 U
$\bullet$ Total variable overhead spending variance: $2,310 U
The standard number of machine-hours allowed for July production is closest to:

• A) 1,600 hours
• B) 1,700 hours
• C) 1,300 hours
• D) 1,500 hours

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The lack of sufficient financial resources to meet basic needs or to invest in opportunities.

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A genetic disorder caused by the presence of all or part of a third copy of chromosome 21, characterized by physical growth delays and mild to moderate intellectual disability.

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