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Business, 19.12.2019 04:31 Jennifer16253
Approach company, which applies overhead to production on the basis of machine hours, reported the following data for the period just ended:
actual units produced: 10,800
actual fixed overhead incurred: $736,000
standard fixed overhead rate: $15 per hour
budgeted fixed overhead: $700,000
planned level of machine-hour activity: 45,000
if approach estimates four hours to manufacture a completed unit, the company's fixed-overhead volume variance would be:
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