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Question 1: Hoops Corporation applies manufacturing overhead to products on the basis of standard machine-hours. The company's predetermined overhead rate for fixed manufacturing overhead is $1.30 per machine-hour and the denominator level of activity is 3,700 machine-hours. In the most recent month, the total actual fixed manufacturing overhead was $4,450 and the company actually worked 3,880 machine-hours during the month. What was the fixed manufacturing overhead volume variance for the month?
Select one:
a. $390 favorable
b. $234 favorable
c. $156 unfavorable
d. $390 unfavorable
Determine the cost formula that expresses the behaviour of Yang's total costs. Yang Manufacturing makes a product called Yin. The relevant range of operations
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