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Please help me solve the following problem. My calculation came to $750 U. Springfield uses a standard cost system for each of its refineries. For
Please help me solve the following problem. My calculation came to $750 U.
Springfield uses a standard cost system for each of its refineries. For the Illinois refinery, the monthly fixed overhead budget is $8,000 for a planned output of 5,000 barrels. For September, the actual fixed cost was $8,750 for 5,100 barrels. The fixed overhead budget variance is:
Select one:
A. $ 875 F
B. $1,500 F
C. $ 750 U
D. $ 800 U
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