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If actual fixed manufacturing overhead was $54,000 and there was a $1,300 unfavourable spending variance and a $1,000 unfavourable volume variance,what would budgeted fixed manufacturing overhead have been?
Inductive Step
A crucial part of mathematical proof in inductive reasoning, where one shows that if a property holds for one case, then it also holds for the next case.
Inductive Generalizations
The process of inferring general principles from specific observations.
Positive Instances
Examples that conform to a specific rule or hypothesis, supporting its validity.
Premises
The statements or propositions upon which an argument is based or from which conclusions are drawn.
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