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Hoag Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual fixed manufacturing overhead costs for the most recent month
Hoag Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual fixed manufacturing overhead costs for the most recent month appear below:
Original Budget | Actual Costs | |||||
Fixed overhead costs: | ||||||
Supervision | $ | 9,880 | $ | 9,970 | ||
Utilities | 4,160 | 4,440 | ||||
Factory depreciation | 21,320 | 21,190 | ||||
Total fixed manufacturing overhead cost | $ | 35,360 | $ | 35,600 | ||
The company based its original budget on 2,600 machine-hours. The company actually worked 2,280 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 2,080 machine-hours. What was the overall fixed manufacturing overhead volume variance for the month? |
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