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Jordan Company produces basketballs and uses a standard costing system. Budgeted fixed overhead was $3,000. Rent changed during the year, causing actual fixed overhead to
Jordan Company produces basketballs and uses a standard costing system. Budgeted fixed overhead was $3,000. Rent changed during the year, causing actual fixed overhead to be $347,000. Jordan Company applies overhead on the basis of basketballs produced. They projected 1,000,000 basketballs would be produced during the year. They actually produced 1,220,000 basketballs. What is the fixed overhead volume variance?
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