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Calculate the standard hours allowed for actual production

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Reference no: EM131758571

Total Fixed Overhead Variance

Ross Company provided the following data:

Standard fixed overhead rate (SFOR) $5 per direct labor hour
Actual fixed overhead costs $281,680
Standard hours allowed per unit 4 hours
Actual production 14,000 units

Required:

1.  Calculate the standard hours allowed for actual production.

2.  Calculate the applied fixed overhead.

3.  Calculate the total fixed overhead variance.

Reference no: EM131758571

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