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The Dillon Corporation makes and sells a single product. Overhead costs are applied on the basis of standard direct labor-hours. The standard cost card shows that 5 direct labor-hours are required per unit. The Dillon Corporation had the following budgeted and actual data for March:
-The fixed manufacturing overhead budget variance for March is:
Per-Capita Output
The average production of goods or services per person within a geographical area or country.
Developing Countries
Nations with a lower living standard, underdeveloped industrial base, and low Human Development Index (HDI) relative to other countries.
Modernize Economies
The process of adopting new technologies, implementing policy reforms, and updating infrastructures to improve a country's economic performance and productivity.
Own Property
The legal right or interest that an individual or entity has in an asset, allowing them to possess, use, and dispose of it.
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