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The Malcolm Company uses a standard cost system in which manufacturing overhead costs are applied to products on the basis of direct labor-hours (DLHs). The

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The Malcolm Company uses a standard cost system in which manufacturing overhead costs are applied to products on the basis of direct labor-hours (DLHs). The standards call for 3 hours of direct labor per unit produced. The following data pertain to the company's manufacturing overhead for the month of July: The production volume variance for July is: Example of Answer: 4000 U 4000F (No comma, space, decimal point, or \$ sign)

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