Question: At Eady Corporation, maintenance is a variable overhead cost that is based on machine-hours. The performance report for July showed that actual maintenance costs totaled

At Eady Corporation, maintenance is a variable overhead cost that is based on machine-hours. The performance report for July showed that actual maintenance costs totaled $13,680 and that the associated rate variance was $450 unfavorable. If 7,000 machine-hours were actually worked during July, the standard maintenance cost per machine-hour was:

Multiple Choice

$1.95 per MH
$2.02 per MH
$1.89 per MH
$2.08 per MH

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