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Fixed Cost Variances Information on Carney Companys fixed overhead costs follows: Overhead applied $360,000 Actual overhead 385,500 Budgeted overhead 369,000 Required What are the fixed

Fixed Cost Variances

Information on Carney Companys fixed overhead costs follows:

Overhead applied

$360,000

Actual overhead

385,500

Budgeted overhead

369,000

Required

What are the fixed overhead price and production volume variances? (Refer to Exhibit 16.13 for the format to use.)

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