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Regent, Incorporated uses the following standard to produce a single unit of its product: overhead $8 (4 hours 8$2 hour). The flexible budget for overhead

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Regent, Incorporated uses the following standard to produce a single unit of its product: overhead $8 (4 hours 8$2 hour). The flexible budget for overhead is $125,000 plus $0.50 per direct labor hour. Actual data for the month show overhead costs of $175,000, and 20.000 units produced. The overhead volume variance is

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