Factory overhead volume variance OBJ. 4 Lo-bed Company produced 4,000 units of product that required four standard

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Factory overhead volume variance OBJ. 4 Lo-bed Company produced 4,000 units of product that required four standard hours per unit. The standard fixed overhead cost per unit is $1.20 per hour at 16,400 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance.

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