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Monty Manufacturing builds playground equipment that it sells to elementary schools and municipalities. Monty's management has contracted you to perform a variance analysis on the

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Monty Manufacturing builds playground equipment that it sells to elementary schools and municipalities. Monty's management has contracted you to perform a variance analysis on the fixed manufacturing overhead for its line of slides. Monty's costs accounting team informs you that it allocates fixed overhead based on machine hours. This period production was budgeted at 25 slides. Budgeted and actual production data follows: Standard fixed overhead cost per machine hour $11 Standard machine hours per slide 7 Actual production 445 Budgeted overhead costs $1,925 Actual fixed overhead costs $20,000 What is the fixed manufacturing overhead volume variance in this period? $18,075 unfavorable ($18,075) favorable ($32,340) favorable $32,340 unfavorable

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