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Question - Standard fixed overhead rate for the Dempsey Company is $2 per direct labor hour calculated based on 26,000 hour expected capacity. Actual fixed overhead for the month is $51,350. Each unit requires 2 hours of direct labor. Each unit requires 20 minutes of direct labor. If 13,200 units were produced, what was the fixed overhead spending variance?
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Control procedures are actions that company personnel take to make sure that policies set forth by management are followed. Important accounting controls are concerned with safeguarding assets and producing accurate and timely financial statements. ..
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