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Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below:
Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: Original Budget Actual Costs $ $ 8, 200 10,760 8,390 10, 110 Variable overhead costs: Supplies Indirect labor Fixed overhead costs: Supervision Utilities Factory depreciation Total overhead cost 16,010 15,300 59,710 $ 109,980 14,530 15,350 61,140 $109,520 The company based its original budget on 8,200 machine-hours. The company actually worked 8,160 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 8,090 machine-hours. What was the overall fixed manufacturing overhead volume variance for the month? (Round your intermediate calculations to 2 decimal places.)
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