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(a) Calculate the actual to budget variances for fixed labor (1 point) Budgeted fixed labor cost: $8,350 Actual fixed labor cost: $9,000 (b) In terms
(a) Calculate the actual to budget variances for fixed labor (1 point)
- Budgeted fixed labor cost: $8,350
- Actual fixed labor cost: $9,000
(b) In terms of favorability, what can you conclude from the value of variance? Why? (1 point)
(c) What can you conclude from the significance of variance if the significance threshold is $350? (1 points)
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