Mathematics · Cost Accounting
M Co operates a standard marginal costing system. Last month, its actual fixed overhead expenditure was 10% above budget, resulting in a fixed overhead expenditure variance of $36,000. What was the actual expenditure on fixed overheads last month?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$324,000
- 2$360,000
- 3$396,000✓
- 4$400,000
Correct answer
$396,000
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