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A company sets its budgeted fixed overhead costs at $150,000 for a production volume of 20,000 units. During the period, actual production amounted to 18,500

A company sets its budgeted fixed overhead costs at $150,000 for a production volume of 20,000 units. During the period, actual production amounted to 18,500 units, and actual fixed overhead costs were $145,000. Calculate the fixed overhead volume variance and fixed overhead spending variance.

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