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

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Accounting

Regent, Incorporated uses the following standard to produce a single unit of its product: overhead $4 (2 hours @ $2/hour). The flexible budget for overhead is $101,000 plus $1.00 per direct labor hour. Actual data for the month show overhead costs of $151,000, and 26,000 units produced. The overhead volume variance is

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