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Likert company manufactures extremely accurate scales. They use a standard costing system. Last year the company projected that 296,000 scales would be produced. When Likert
Likert company manufactures extremely accurate scales. They use a standard costing system. Last year the company projected that 296,000 scales would be produced. When Likert company closed out manufacturing overhead, they recorded a $129,000 debit to the FOH Budget Variance and a $150,000 credit to the FOH Volume Variance. Likert company budgeted $2,375,000 of fixed overhead. What was the actual amount of fixed overhead?
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