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Actual machine hours 925 Standard machine hours allowed 1,070 Denominator activity (machine hours) 1,200 Actual fixed overhead costs $ 5,500 Budgeted fixed overhead costs $

Actual machine hours 925
Standard machine hours allowed 1,070
Denominator activity (machine hours) 1,200
Actual fixed overhead costs $ 5,500
Budgeted fixed overhead costs $ 6,000
Predetermined overhead rate ($2 variable + $5 fixed) $ 7

What is the production volume variance?

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