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Regent, Inc. uses the following standard to produce a single unit of its product: overhead...

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Regent, Inc. uses the following standard to produce a single unit of its product: overhead $8 (4 hrs. @ $2/hr.). The flexible budget for overhead is $115,000 plus $0.50 per direct labor hour. Actual data for the month show overhead costs of $152,000, and 18,000 units produced. The overhead volume variance is

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