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Company ABC has a spending variance of 100,000 F, and efficiency variance of 100,000 F, and a volume variance of 300,000 F. Actual overhead was 1,000,000 and overhead is absorbed to direct labor hours. Volume was budgeted to be 40,000 direct labor hours and fixed overhead was budgeted to be $600,000. What was the actual volume, standard volume, and budgeted variable overhead?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M948377

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