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Ventana Company provided the following data: Standard fixed overhead rate $2.50 per labour hour Actual fixed overhead costs $40 840 Standard hours allowed per unit
Ventana Company provided the following data:
Standard fixed overhead rate | $2.50 per labour hour |
Actual fixed overhead costs | $40 840 |
Standard hours allowed per unit | 2 hours |
Actual production | 7 000 units |
Required:
- Calculate the standard hours allowed for actual production.
- Calculate the applied fixed overhead.
- Calculate the total fixed overhead variance.
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