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A company budgeted $80,000 for variable manufacturing overhead costs and $20,000 for fixed manufacturing overhead costs. Actual variable costs were $85,000, and actual fixed costs

A company budgeted $80,000 for variable manufacturing overhead costs and $20,000 for fixed manufacturing overhead costs. Actual variable costs were $85,000, and actual fixed costs were $18,000. Perform a detailed analysis of the total manufacturing overhead variance, considering the reasons for deviations from the budgeted amounts and their impact on the company's profitability.

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