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Page 44G EXERCISE 1435 Fixed Overhead Variances [105, L06] Happy Valley Pet Products uses a standard costing system that applies overhead to products based on

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Page 44G EXERCISE 1435 Fixed Overhead Variances [105, L06] Happy Valley Pet Products uses a standard costing system that applies overhead to products based on standard direct labourhours allowed for actual output of the period. During the recent vear, the following data were eollected: d Required: 1. Compute the xed portion of the predetermined overhead rate for the year. 2- Compute the xed overhead budget and volume variances

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