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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

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$2.50 per labour hour

Actual fixed overhead costs

$40 840

Standard hours allowed per unit

2 hours

Actual production

7 000 units

Required:

  1. Calculate the standard hours allowed for actual production.
  2. Calculate the applied fixed overhead.
  3. Calculate the total fixed overhead variance.

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