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Mint Company applies fixed overhead at the rate of $1.60 per unit. For May, budgeted fixed overhead was $648,000. The production volume variance amounted to
Mint Company applies fixed overhead at the rate of $1.60 per unit. For May, budgeted fixed overhead was $648,000. The production volume variance amounted to $4, 800 unfavorable, and the price variance was $15, 700 favorable. Required: What was the budgeted volume in units for May? What was the actual volume of units produced in May? What was the actual fixed overhead incurred for May
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