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At the end of the accounting period, immaterial variances are closed to _______ The sum of the variable overhead spending variance, the variable overhead efficiency

At the end of the accounting period, immaterial variances are closed to _______

The sum of the variable overhead spending variance, the variable overhead efficiency variance, the fixed overhead spending variance is the _______

A favorable variance for a cost means that when compared to the budget, the actual cost is ________ than the budgeted cost.

A fixed budget is also called a _______ budget.

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