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Actual machine hours Standard machine hours allowed Denominator activity (machine hours) Actual fixed overhead costs Budgeted fixed overhead costs Predetermined overhead rate ($1 variable +

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Actual machine hours Standard machine hours allowed Denominator activity (machine hours) Actual fixed overhead costs Budgeted fixed overhead costs Predetermined overhead rate ($1 variable + $5 fixed) 920 1,060 1,185 $5,500 $ 5,925 $ 6 What is the production volume variance? O $700. $425. O $840. O $625

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