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HAF's actual and budgeted fixed overhead amounts for the last year were $380,000 and $340,000. Standard hours allowed for the output achieved was 55,000 hours.

HAF's actual and budgeted fixed overhead amounts for the last year were $380,000 and $340,000. Standard hours allowed for the output achieved was 55,000 hours. 64,000 hours had been budgeted for the year. HAF's fixed overhead budget variance was

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