Point Company uses the standard costing method. The company's main product is a fine-quality audio...
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Accounting
Point Company uses the standard costing method. The company's main product is a fine-quality audio speaker that normally takes 0.25 hour to produce. Normal annual capacity is 3,000 direct labor hours, and budgeted fixed overhead costs for the year were $6,750. During the year, the company produced and sold 8,000 units. Actual fixed overhead costs were $4,800. Compute the fixed overhead volume variance.
Answer is 2,250 (Unfavorable) but I can't figure it out - need you to show work.
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