Determine the volume variance for may

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Question - Cheshire, Inc allocates fixed overhead at a rate of $18 per direct labor hour. This amount is based on 90% of capacity or 3,600 direct labor hours for 6,000 units. During May, Cheshire produced 5,500 units. Budgeted fixed overhead is $60,000 and overhead incurred was $67,000. Determine the volume variance for May.

Reference no: EM131788155

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