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Jones Company has budgeted fixed overhead of $135,000 based on budgeted production of 10,000 units. During July, 10,100 units were produced and $134,000 was spent

Jones Company has budgeted fixed overhead of $135,000 based on budgeted production of 10,000 units. During July, 10,100 units were produced and $134,000 was spent on fixed overhead. What is the fixed overhead spending variance?

a.

$1,000 favorable

b.

$10,100 favorable

c.

$1,000 unfavorable

d.

$10,100 unfavorable

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