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Business, 20.05.2020 12:57 omar4538

Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: Original Budget Actual Costs Variable overhead costs: Supplies $ 7,700 $ 7,890 Indirect labor 10,710 10,060 Fixed overhead costs: Supervision 15,510 14,480 Utilities 14,800 14,850 Factory depreciation 59,780 60,760 Total overhead cost $ 108,500 $ 108,040 The company based its original budget on 7,700 machine-hours. The company actually worked 7,660 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 7,590 machine-hours. What was the overall fixed manufacturing overhead volume variance for the month? (Round your intermediate calculations to 2 decimal places.)

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