The standard fixed factory overhead rate is based on 100% capacity of 120,000 machine hours for Thompson Inc.The standard costs and the actual costs of factory overhead for the production of 25,000 units during March were as follows:
If there was a $60,000 unfavorable volume variance for March,what is the standard fixed factory overhead cost rate?
Definitions:
Judiciary
The system of courts that interprets and applies the law in the name of the state or country.
Orval Faubus
Governor of Arkansas from 1955 to 1967, known for his controversial stand against the desegregation of Little Rock Central High School in 1957.
Desegregation
The process of ending the separation of two or more groups based on race, ethnicity, or other discriminating factors, especially in relation to public schools, housing, and other public spaces.
Mahatma Gandhi
An Indian lawyer, anti-colonial nationalist, and political ethicist who employed nonviolent resistance to lead the successful campaign for India's independence from British Rule.
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