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Sycamore Grove Middle School spent $175,000 on textbooks in the most recent budget cycle. In preparing the budget, budget staff had projected expenses based on

Sycamore Grove Middle School spent $175,000 on textbooks in the most recent budget cycle. In preparing the budget, budget staff had projected expenses based on assumptions that it would purchase a total of four books per students at a price of $75 on average, for all of the 500 students expected to be enrolled. What was the textbook expense variance?

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