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Question 6 Partially correct Mark 3.00 out of 4.00 Flag question Fixed Overhead Variances Assume that ExxonMobil uses a standard cost system for each of
Question 6 Partially correct Mark 3.00 out of 4.00 Flag question Fixed Overhead Variances Assume that ExxonMobil uses a standard cost system for each of its refineries. For the Houston refinery, the monthly fixed overhead budget is $9,000,000 for a planned outputs of 5,000,000 barrels. For September, the actual fixed cost was $9,550,000 for 5,100,000 barrels. a. Determine the fixed overhead budget variance. $ 550,000 U b. If fixed overhead is applied on a per-barrel basis, determine the volume variance. $ (500,000) x F Check Screenshot
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