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Brief Exercise 11-7 Computing Fixed Overhead Variances (LO2- CC11,12) LatAm Inc. has a...

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Accounting

Brief Exercise 11-7 Computing Fixed Overhead Variances (LO2- CC11,12)
LatAm Inc. has a standard costing system in which it applies overhead to products on the basis of the standard direct labour-hours allowed for the actual output of the period. Data concerning the most recent year appear below:
\table[[Total budgeted fixed overhead cost for the year,$500,000
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