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: Actual variable manufacturing overhead cost incurred: $11,310
Actual machine-hours worked: 1,600 hours
Variable overhead rate variance: $1,710 U
Total variable overhead spending variance: $2,310 U
The standard number of machine-hours allowed for July production is closest to:
A. 1,300 hours
B. 1,600 hours
C. 1,500 hours
D. 1,700 hours
Answer: C
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