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XYZ Corporation has budgeted $15 per direct labor hour for variable overhead and $350,000 per month for fixed overhead. Actual production for September was 10,000
XYZ Corporation has budgeted $15 per direct labor hour for variable overhead and $350,000 per month for fixed overhead. Actual production for September was 10,000 units, and actual direct labor hours worked were 7,000. Actual variable overhead costs were $200,000, and actual fixed overhead costs were $380,000. Calculate the total overhead variance and break it down into variable and fixed overhead variances.
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