ABC Company's production budget for March is 32,000 units. Budgeted fixed overhead is $64,000. ABC's standard fixed overhead application rate is $2 per machine hour, and each unit is allowed a standard of 1 hour of machine time. Actual fixed overhead for March is $67,000. Actual production in March is 36,000 units. Calculate the following fixed overhead budget variance for March: Fixed overhead budget
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ABC Company's production budget for March is 32,000 units. Budgeted fixed overhead is $64,000. ABC's...
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