Thyne Inc. has provided the following data concerning one of the products in its

Question

Thyne Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Standard Quantity or Hours per Unit of Output Standard Price or Rate Direct materials 6.9 grams $ 9.20 per gram Direct labor 0.90 hours $ 21.20 per hour Variable manufacturing overhead 0.90 hours $ 3.60 per hour The actual output for the period was 3,900 units. The standard hours allowed for the actual output is closest to: 3,510 hours 3,092 hours 3,330 hours 3,780 hours

Explanation / Answer

Actual output for the period = 3,900 units

Standard hours per unit = 0.90 hrs

Standard hours allowed for actual out put = 0.9hrs * 3,900 units

= 3,510 hours

Answer is option 1 - 3,510 hours

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