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What the Forward Venture fixed-overhead volume variance

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Reference no: EM132849052

Problem - Forward Venture Company, which uses a standard cost system, budgeted $675,000 of fixed overhead when 45,000 machine hours were anticipated. Other data for the period were:

Actual units produced: 12,000

Standard production time per unit: 3.6 machine hours

Fixed overhead incurred: $705,000

Actual machine hours worked: 47,000

Required - What the Forward Venture Company's fixed-overhead volume variance?

Reference no: EM132849052

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