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Regent, Inc. uses the following standard to produce a single unit of its product: overhead $9 (3 hrs. @ $3/hr.). The flexible budget for overhead

Regent, Inc. uses the following standard to produce a single unit of its product: overhead $9 (3 hrs. @ $3/hr.). The flexible budget for overhead is $132,000 plus $1.50 per direct labor hour. Actual data for the month show overhead costs of $175,000, and 26,000 units produced. The overhead volume variance is:

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