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Gulland Rock Ltd uses the following flexible budget formula for monthly repair cost: total cost = $1500 + $0.40 per machine hour. The annual operating

Gulland Rock Ltd uses the following flexible budget formula for monthly repair cost: total cost = $1500 + $0.40 per machine hour. The annual operating budget calls for 25 000 hours of planned machine time. What is the budgeted repair cost? $11 500 $14 700 $22 400 $22 000

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