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Assume that a company uses a standard cost system and applies overhead to production based on direct labor-hours. It provided the following excerpt from
Assume that a company uses a standard cost system and applies overhead to production based on direct labor-hours. It provided the following excerpt from the standard cost card of its only product: Fixed manufacturing overhead Standard Standard Hours 2 hours Standard Rate $ 5.60 per hour Cost $ 11.20 During the most recent period, the following additional information was available: The total budgeted fixed overhead was $285,000 The fixed overhead volume variance was $4,200 F How many units were produced during the period?
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