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Cholla Companys standard fixed overhead rate is based on budgeted fixed manufacturing overhead of $18,600 and budgeted production of 20,000 units. Actual results for the

Cholla Companys standard fixed overhead rate is based on budgeted fixed manufacturing overhead of $18,600 and budgeted production of 20,000 units. Actual results for the month of October reveal that Cholla produced 18,000 units and spent $16,900 on fixed manufacturing overhead costs.

Calculate Chollas fixed overhead rate and the fixed overhead volume variance.

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