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Figure 27.2
Using Figure 27.2, match the following:
-Midpiece.
Spending Variance
The difference between the actual amount spent and the budgeted amount for a particular cost or expense category.
Equipment Depreciation
The systematic allocation of the cost of physical assets used in production over their useful lives.
Spending Variance
The difference between the actual amount spent and the budgeted amount for a particular period or project.
Other Expenses
Costs not directly related to the primary business activities, such as interest expense or losses from asset sales.
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