Answer the following question(s) using the information below.Jenny's Corporation manufactured 25,000 grooming kits for horses during March.The fixed-overhead cost allocation rate is $20.00 per machine-hour.The following fixed overhead data pertain to March:
-What is the fixed overhead rate variance?
Definitions:
Price-Earnings
A ratio used to evaluate a company's stock price relative to its per-share earnings, indicating the value that investors put on a company's earning power.
Dividend Yield
Dividend yield is a financial ratio that indicates how much a company pays out in dividends each year relative to its share price.
Asset Turnover
A financial ratio that measures the efficiency of a company's use of its assets in generating sales revenue—the higher the number, the better the performance.
Total Assets
The aggregate of all resources owned by a company, valued in monetary terms, including both current and non-current assets.
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