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Exercise 23-21 (Algo) Volume variance LO P4 Shaw Company produced 820 units. Its overhead allocation base is DLH and its standard amount per allocation base

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Exercise 23-21 (Algo) Volume variance LO P4 Shaw Company produced 820 units. Its overhead allocation base is DLH and its standard amount per allocation base is 8 DLH per unit. Its standard overhead rate is $10 per DL.H. The flexible overhead budget at an activity level of 820 units $ hows $33,000 in variable overhead costs and $37,000 in fixed overhead costs. Compute the volume variance. (Indicote the effect of the variance by selecting favorable, unfovorable, or no variance.)

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