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Zike Corporation's static planning budget for October appears below.The company bases its budgets on machine-hours. In October,the actual number of machine-hours was 6,000,the actual supplies cost was $14,740,the actual power cost was $49,170,the actual salaries cost was $15,390,and the actual equipment depreciation was $63,670. The spending variance for supplies cost in the performance report for the month should be:
Pumpkin Pies
Traditional American dessert pies made from a spiced pumpkin-based custard filling.
Statute of Frauds
A legal principle that requires certain types of contracts to be in writing to be enforceable.
Signed
Refers to the act of putting one's signature on a document, symbolizing agreement, acknowledgment, or consent.
Oral Contract
An agreement between parties spoken and agreed upon verbally, rather than in written form; although legally binding, it may be harder to prove.
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