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Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of direct labor hours. Information from LLL's standard cost card follows: During
Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of direct labor hours. Information from LLL's standard cost card follows: During August, LLL had the following actual results: Lamp Light Limited (LLL) calculates a fixed overhead rate based on budgeted fixed overhead of $40, 775 and budgeted production of 23, 300 units. Actual results were as follows: Calculate the fixed overhead rate based on budgeted production for LLL. Calculate the fixed overhead spending variance for LLL. Calculate the fixed overhead volume variance for LLL. Calculate the over-or underapplied fixed overhead for LLL
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