Question: Jupiter Company applies overhead based on machine hours. The variable overhead standard is 4 hours at $12 per hour. During February, Jupiter Company spent $113,460

Jupiter Company applies overhead based on machine hours. The variable overhead standard is 4 hours at $12 per hour. During February, Jupiter Company spent $113,460 for variable overhead. Assuming 9,150 machine hours were used to produce 2,400 units, how much is variable overhead on the flexible budget?

Multiple Choice

$28,800

$109,800

$113,400

$115,200

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