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Analyze the fixed overhead variance for MNO Ltd. and provide explanations for the variance: Particulars Standard ($) Actual ($) Budgeted Fixed Overheads $40,000 $45,000 Actual

Analyze the fixed overhead variance for MNO Ltd. and provide explanations for the variance:

Particulars

Standard ($)

Actual ($)

Budgeted Fixed Overheads

$40,000

$45,000

Actual Fixed Overheads

-

$48,000

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