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The company uses a standard cost system based on manufacturing 5,000 tents per month. Overhead is applied on a per-unit basis. In May, 4,840 tents
| The company uses a standard cost system based on manufacturing 5,000 tents per month. Overhead is applied on a per-unit basis. In May, |
| 4,840 tents were produced. Management has a policy that all variances greater than 3% from standard should be investigated. Standard and |
| actual costs are listed below: |
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