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Budgeted overhead for Crane Company at normal capacity of 20000 direct labor hours is $6 per hour variable and $4 per hour fixed. In May,

Budgeted overhead for Crane Company at normal capacity of 20000 direct labor hours is $6 per hour variable and $4 per hour fixed. In May, $206400 of overhead was incurred in working 21500 hours when 24500 standard hours were allowed. The overhead volume variance is $30000 favorable. $36000 favorable. $38600 favorable. $18000 favorable

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