Economics · Cost Accounting
A company operates a standard marginal costing system. Last month, actual fixed overhead expenditure was 2% below budget, and the fixed overhead expenditure variance was $1,250 (favourable). What was the actual fixed overhead expenditure for last month?
- 1$61,250✓
- 2$62,475
- 3$62,500
- 4$63,750
Correct answer
$61,250
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