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The following budget data pertain to the Machining Department of Grind Company: The company prepared the budget at 85% of the maximum capacity level. The
The following budget data pertain to the Machining Department of Grind Company: The company prepared the budget at 85% of the maximum capacity level. The department uses machine hours as the basis for applying standard factory overhead costs to production. During the year the Machining Department produced 50,000 units, consuming 188,700 machine hours and incurring $434,400 of fixed overhead. For the current year the department has a fixed overhead production volume variance, rounded to the nearest whole dollar, of: (Round your intermediate calculation to 2 decimal places.) $8,510 unfavorable. $24,010 unfavorable. $20,410 unfavorable. $0. $20,610 unfavorable
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