Question: Analyze the Over- or Underapplied Overhead: Refer to the data for exercise 7-19. Assume all manufacturing overhead costs were fixed costs. Required: How much of

Analyze the Over- or Underapplied Overhead: Refer to the data for exercise 7-19. Assume all manufacturing overhead costs were fixed costs.

Required: How much of the under- or overapplied overhead was a spending variance, and how much was a production volume variance?

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