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please help CoursHeroTranscribedText: CH11-Q3) Waterway Pet Clinic charges its patients on the basis of actual...

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Accounting

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CoursHeroTranscribedText: CH11-Q3) Waterway Pet Clinic charges its patients on the basis of actual direct costs incurred plus fixed costs at the rate of $41 per hour. The fixed cost rate of $41 per hour is based on the assumption of 5,500 patient hours monthly, assuming that each patient requires a half hour. During September, 10,040 patients were seen and the following costs were recorded. Fixed overhead costs allocated to patients $234,520 Fixed overhead spending variance 26,400 Unfavourable REQUIRED: 1. How many patient hours were recorded? 2. What was the budgeted fixed cost? 3. What was the production volume variance? 4. What was the actual fixed overhead

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