Fox company’s static budget shows $27,000 budgeted for direct materials, $36,000 budgeted for direct labor, and $9,000 budgeted for overhead. fox’s actual direct materials were $28,000, actual direct labor was $34,000, and actual overhead was $9,200. what is the total difference between the static budget and actual, and is the difference favorable or unfavorable?
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Fox company’s static budget shows $27,000 budgeted for direct materials, $36,000 budgeted for direct...
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