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The following information for the past year is available from Gas Company, a company that uses machine hours to apply standard factory overhead cost to
The following information for the past year is available from Gas Company, a company that uses machine hours to apply standard factory overhead cost to outputs:
Actual total factory overhead cost incurred $
Actual fixed overhead cost incurred $
Budgeted fixed overhead cost $
Actual machine hours
Standard machine hours allowed for the units manufactured
Denominator volumemachine hours
Standard variable overhead rate per machine hour $
Under a threevariance breakdown decomposition of the total factory overhead variance, the total factory overhead spending variance is:
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