Samsong Company uses a standard costing system and applies its fixed manufacturing overhead (FMO) costs...
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Samsong Company uses a standard costing system and applies its fixed manufacturing overhead (FMO) costs to products based on the number of machine hours. Last year Samsung incurred a total actual FMO $48,000 when produced 12,500 units. The FMO was over-applied by $2000. When analyzing the cost variances, the chief accountant determined that there was a favorable $3,600 FMO production volume variance. Determine the budgeted production level in units for the past year. A. 13,600 units B. 11,600 units C. 11,050 units D. 10,600 units E. Need more information.
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