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What was the fixed overhead budget variance

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Reference no: EM133015020

Question - Melbourne Cabinet set the following standard cost per unit for 2020:

Fixed overhead (2 machine hours at $10) $20

Variable overhead (2 machine hours at $8) $16

The standards were set based on a capacity of 20 000 machine hours. During the year, 6160 units were produced.

Fixed overhead $204,806

Variable overhead $155,550

What was the fixed overhead budget variance?

Reference no: EM133015020

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