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What is the fixed overhead volume variance

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H Inc., applies overhead based on direct labour hours. Planned production for the period was set at 8610 units. Manufacturing overhead is budgeted at $110326 for the period (20% of this cost is fixed). The 17009 hours worked during the period resulted in the production of 8054 units. The variable manufacturing overhead cost incurred was $103266 and the fixed manufacturing overhead cost was $27245.

Problem 1: What is the fixed overhead volume variance?

Reference no: EM132878645

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