The data related to Acclaim Sporting Goods Company's factory overhead cost for the production of 50,000 units

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The data related to Acclaim Sporting Goods Company's factory overhead cost for the production of 50,000 units of product are as follows:

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Productive capacity at 100% of normal was 75,000 hours, and the factory overhead cost budgeted at the level of 76,000 standard hours was $456,000. Based on these data, the chief cost accountant prepared the following variance analysis:

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Identify the errors in the factory overhead cost varianceanalysis.

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