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Assume that a company has two cost drivers number of textbooks and number of instructors. The planned number of textbooks and instructors were 5 and
Assume that a company has two cost driversnumber of textbooks and number of instructors. The planned number of textbooks and instructors were and respectively. The actual number of textbooks and instructors were and respectively. One of the companys expenses is influenced by both cost drivers. Its cost formulas are $ per textbook and $ per instructor. The total actual amount of this expense is $ The spending variance for this expense would be:
Multiple Choice
$ U
$ F
$ U
$ F
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