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Ringo Corporation applied $7,200 of manufacturing overhead to production during the month. Its actual overhead costs for the month were $8,000. The cost accountant reports
Ringo Corporation applied $7,200 of manufacturing overhead to production during the month. Its actual overhead costs for the month were $8,000. The cost accountant reports that Ringo's unfavorable spending variance for the month totals $1,500. Did Ringo produce more or less than its normal output for the month? Support your claim
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