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The company has prepared a flexible budget for production costs. The budget projects $260,000 fixed costs plus $5 per machine hour. The company actually produced
The company has prepared a flexible budget for production costs. The budget projects $260,000 fixed costs plus $5 per machine hour. The company actually produced 20,000 units using 34,000 machine hours at a total cost of $425,000. The difference between actual costs and budgeted costs is
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