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For a given department of the Serunity Company, estimated fixed overhead is $360,000 and variable overhead is $240,000 at a standard volume of 60,000 units.
For a given department of the Serunity Company, estimated fixed overhead is $360,000 and variable overhead is $240,000 at a standard volume of 60,000 units. For November, $358,000 of fixed and $251,000 of variable overhead were incurred to produce 62,000 units. Which of the following statements is (are) true?
A. | Overhead applied to production is $620,000. | |
B. | Overhead volume variance is $14,000 (favorable). | |
C. | Overhead budget variance is $3,000 (unfavorable). | |
D. | All of the other answers are true. |
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