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Fixed Overhead Was Budgeted at £500,000 and 25,000 Direct Labour

Question 18

Multiple Choice

Fixed overhead was budgeted at £500,000 and 25,000 direct labour hours were budgeted. If the fixed overhead volume variance was £12,000 favourable and the fixed overhead spending variance was £16,000 unfavourable, fixed overhead applied must be


A) £516,000.
B) £512,000.
C) £504,000.
D) £528,000.

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