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Gourmet Foods Ltd. applies manufacturing overhead based on direct labor hours. The predetermined overhead rate is $5.00 per direct labor hour. During the month, 2,500

Gourmet Foods Ltd. applies manufacturing overhead based on direct labor hours. The predetermined overhead rate is $5.00 per direct labor hour. During the month, 2,500 direct labor hours were worked. Actual overhead costs for the month were $13,500. Calculate the overhead applied and the overhead variance.

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