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Question - information on carney companys fixed overhead

Question - Information on Carney Company's fixed overhead costs follows:

Overhead applied $ 360,400 Actual overhead 386,100 Budgeted overhead 370,000

Required: What are the fixed overhead price and production volume variances? (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)

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Accounting Basics: Question - information on carney companys fixed overhead

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