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Lincoln Company
Lincoln Company applies overhead based on direct labor hours and has the following available for the current month:
Standard:
Direct labor hous per unit 6
Variable overhead per DLH
Fixed overhead per DLH
Actual:
Units prochuced 2,000
Direct labor hours 11,900
Variable overhead $9,900
Fixed overheacl $25,500
Refer to Lincoln Company.Compute all the appropriate variances using the three-variance approach.
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