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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 $ 6,700 $ 6,890 9,960 10,610 Variable overhead costs: Supplies Indirect labor Fixed overhead costs: Supervision Utilities Factory depreciation Total overhead cost 14,510 13,800 58,050 $103,670 14,380 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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