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Calculate the standard fixed overhead rate

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Reference no: EM132701408

Problem - Assume that the actual fixed overhead was $403,400. Budgeted fixed overhead was $400,000, based on practical capacity of 32,000 direct labor hours.

Required -

Calculate the standard fixed overhead rate based on budgeted fixed overhead and practical capacity.

Compute the fixed overhead spending and volume variances.

Reference no: EM132701408

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