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Patton Corp. uses a standard cost system to account for the costs of its one product. Budgeted fixed overhead is $79,500, budgeted production is 2.650

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Patton Corp. uses a standard cost system to account for the costs of its one product. Budgeted fixed overhead is $79,500, budgeted production is 2.650 per month, and practical capacity is 3,000 units. During November, Patton produced 2,550 units. Fixed overhead incurred totaled $75,000 Assume Patton calculates its fixed overhead rate based on budgeted production a. What is the fixed overhead rate? b. What is the fixed overhead volume variance? (Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (l.e, zero variance). Do not round Intermediate calculations. Round your final answer to nearest dollar amount.) c. By how much was fixed overhead over or underapplied? (Do not round Intermediate calculations. Round your final answer to nearest dollar amount.) Now assume Patton calculates its fixed overhead rate based on practical capacity. d. What is the fixed overhead rate? (Round your answer to one decimal place.) e. What is the expected (planned) capacity variance? (Indicate the effect of variance by selecting "Favorable". "Unfavorable", or "None" for no effect (.e., zero variance). Do not round Intermediate calculations. Round your final answer to nearest dollar amount.) Capoty Variano t. What is the unexpected (unplanned) capacity variance?(Indicate the effect of variance by selecting "Favorable", "Unfavorable', or "None" for no effect (.e., zero variance). Do not round Intermediate calculations. Round your final answer to nearest dollar amount.) Capacity Variance 9. By how much was fixed overhead over-or underapplied? (Do not round Intermediate calculations. Round your final answer to nearest dollar amount.) Ford Overhead

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