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James Madison University Operations And Supply Chain Management Assignment Help - A company provided


Question - A company provided the following data:
Standard fixed overhead rate (SFOR) ……………….. $7 per direct labor hour
Actual fixed overhead costs …………………………. $250,895
Standard hours allowed per unit …………………….. 3 hours
Actual production …………………………………… 12,000 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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