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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
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 $ 0,700 10,610 38,890 9.980 Variable overhead costs: Supplies Indirect labor Fixed overhead costs: Supervision Utilities Factory depreciation Total overhead cost 14,510 13,800 58,050 $103.670 14.980 13,850 58,130 $103.210 The company based its original budget on 6.800 machine hours. The company actually worked 6,760 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 6.690 machine-hours. What was the overall fixed manufacturing overhead volume variance for the month? (Round your intermediate calculations to 2 decimal places.) Multiple Choice $1,301 Unfavorable $1,397 Unfavorable $1,301 Favorable $1.397 Favorable
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