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Candy Corporation uses a standard cost system. At its normal expected level of monthly output of 40,000 units, its budgeted fixed overhead is $360,000 and

Candy Corporation uses a standard cost system. At its normal expected level of monthly output of 40,000 units, its budgeted fixed overhead is $360,000 and its variable overhead is $11 per unit. In the current month, the company actually produced 35,000 units. 1. The company's budgeted (expected) total overhead for its actual level of output was $. 2. Total overhead applied to production in the current month was $. 3. The company's overhead volume variance was $. 4. The company's overhead volume variance was (favorable/unfavorable).

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