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Question 4 Scenario: The local electric utility company raised the charge per kilowatt-hour, but no adjustment was made in the budget. Materials price variance.
Question 4 Scenario: The local electric utility company raised the charge per kilowatt-hour, but no adjustment was made in the budget. Materials price variance. Materials quantity variance. Labor rate variance. Labor efficiency variance. Variable overhead spending (rate) variance. Variable overhead efficiency variance. Fixed overhead budget variance.
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