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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 ($2 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 ($2 variable + $5 fixed) 915 1,050 1,170 5,400 5,850 $ $ What is the production volume variance? O $600. $945. O $675. O $450

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