Horn Industries uses a standard cost accounting system and applies manufacturing overhead basedon machine hours. Here are data regarding Horn's production activity for the month of July:Actual variable manufacturing overhead costsActual machine hoursVariable manufacturing overhead rate varianceVariable manufacturing overhead spending varianceO 1,450 hoursFor purposes of applying manufacturing overhead to work in process inventory, what are thestandard hours allowed for July?O 1,500 hours1,650 hoursO 1,700 hours$11,3121,600 hoursNone of the above$1,712 unfavorable$2,312 unfavorable

Manufacturing overhead variance shows the difference between the actual performance and standard…

Answered: Horn Industries uses a standard cos on…

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Horn Industries uses a standard cos on machine hours. Here are data re

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Horn Industries uses a standard cost accounting system and applies manufacturing overhead based
on machine hours. Here are data regarding Horn's production activity for the month of July:
Actual variable manufacturing overhead costs
Actual machine hours
Variable manufacturing overhead rate variance
Variable manufacturing overhead spending variance
O 1,450 hours
For purposes of applying manufacturing overhead to work in process inventory, what are the
standard hours allowed for July?
O 1,500 hours
1,650 hours
O 1,700 hours
$11,312
1,600 hours
None of the above
$1,712 unfavorable
$2,312 unfavorable

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