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Assume that the actual amount of one of a company's variable expenses was $45,198. The...

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Accounting

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Assume that the actual amount of one of a company's variable expenses was $45,198. The company's planned level of activity was 19,000 machine-hours, and its actual level of activity was 18,550 machine-hours. The spending variance for this particular expense was $9,114 favorable. The cost formula per machine-hour for this expense is: Multiple Choice $2.87 $1.95. $2.93. $1.91

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