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How much was the fixed overhead volume variance

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Point 1: W Company made 4,500 units last year, and the standard costing system stated that each unit should take 2.5 machine hours to make. The fixed overhead application rate was $3.10 per machine hour. The budgeted fixed overhead for the year was $38,750. Actual fixed overhead cost for the year was $38,000. Actual machine hours for the year were 10,000.

Question 1: How much was the fixed overhead volume variance?

Reference no: EM132529563

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