Venneman company produced 14,000 units of product that required 4 standard hours per unit.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter6: Activity-based, Variable, And Absorption Costing
Section: Chapter Questions
Problem 2EB: Boarders estimates overhead will utilize 160,000 machine hours and cost $80,000. It takes 4 machine...
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Venneman company produced 14,000 units of product that required 4 standard hours per unit.

 

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Standard hours=Number of units×Standard hour per unit=14,000×4=56,000 hours

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