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From the following data, calculate Variable and fixed Overhead variances: Budgeted output: 50 lots Actual output: 60 lots Fixed overhead absorption rate per hour: $3 Variable overheads : $7500 Standard hours per lot: 100 hours Actual fixed overheads: $14500 Actual hours worked: 5600 hours?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9965899

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