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How calculate the fixed overhead cost variance

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Question 1: Meridian Fashions uses standard costs for their manufacturing division. The allocation base for overhead costs is direct labor hours. From the following data, calculate the fixed overhead cost variance

Actual fixed overhead. $30,000
Budgeted fixed overhead $20,000
Standard overhead allocation rate $9
Standard direct labor hours per unit 2 DLHr
Actual output. 2,500 units

Reference no: EM132590951

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