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 production-volume variance?
Definitions:
Rate of Return
The gain or loss on an investment over a specified period, expressed as a percentage of the investment’s cost.
Equivalent Annual Cost
A financial analysis tool used to compare the cost effectiveness of two or more alternatives with different lifespans expressed on an annual basis.
Rate of Return
The gain or loss of an investment over a specified period, expressed as a percentage of the investment's initial cost.
Equivalent Annual Cost
A financial metric used to compare the cost-efficiency of different investments or projects with different lifespans, by calculating their annual costs.
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