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A company has budgeted variable costs of $1,500,000 and actual variable costs are $1,425,000. This results in a(n). favorable variance of $75,000 B unfavorable variance of $75,000 no variance

A company has budgeted variable costs of $1,500,000 and actual variable costs are $1,425,000. This results in a(n). favorable variance of $75,000 B unfavorable variance of $75,000 no variance

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter9: Profit Planning And Flexible Budgets
Section: Chapter Questions
Problem 20MCQ: A firm comparing the actual variable costs of producing 10,000 units with the total variable costs...
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A company has budgeted variable costs of $1,500,000 and actual variable costs are $1,425,000. This results in a(n) A favorable variance of $75,000 B unfavorable variance of $75,000 no variance
Transcribed Image Text:A company has budgeted variable costs of $1,500,000 and actual variable costs are $1,425,000. This results in a(n) A favorable variance of $75,000 B unfavorable variance of $75,000 no variance
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