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Compute the budget variance for july

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Question - Kitzberg Corporation applies overhead to products based on machine-hours. The denominator level of activity is 6,500 machine-hours. The budgeted fixed overhead costs are $242,450. In July, the actual fixed overhead costs were $242,490 and the standard machine-hours allowed for the actual output were 7,000 machine-hours.

Required:

(a) Compute the budget variance for July.

(b) Compute the volume variance for July.

Reference no: EM132080463

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