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A business budgeted to produce 100 units in the budget period, the budgeted variable cost per unit was $2. When output was 150 units,
A business budgeted to produce 100 units in the budget period, the budgeted variable cost per unit was $2. When output was 150 units, total expenditure was $500, and it was found that fixed overheads were $100 over budget, while variable costs were in line with budget. The amount budgeted for fixed costs was $
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