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From the following information for Alfred industries, computethe overhead spending variance and the volume variance. Standard manufacturing overhead based on normal Monthlyvolume: Fixed ($300,000 /

From the following information for Alfred industries, computethe overhead spending variance and the volume variance.

Standard manufacturing overhead based on normal Monthlyvolume:

Fixed ($300,000 / 20,000units).$15.00

Variable ($100,000 / 20,000units)..5.00 $20.00

Units actually produced in currentmonth.. 18,000 units

Actual overhead costs incurred (including $300,000fixed).. $383,800

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