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ABC Corp's budgeted variable manufacturing overhead rate is $6 per direct labor hour. Budgeted fixed overhead is $100,000 per month. During the month, actual production
ABC Corp's budgeted variable manufacturing overhead rate is $6 per direct labor hour. Budgeted fixed overhead is $100,000 per month. During the month, actual production was 8,000 units, and actual direct labor hours were 5,000. Actual variable overhead was $48,000. Calculate the total overhead variance and break it down into variable and fixed overhead variances.
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