Analysis of Performance. Assume a dry cleaning firm has an operating expense function of \(\$ 200,000\) plus \(\$ 1\) per garment processed and expects to handle 100,000 garments. Units is the cost driver. Actual fixed costs were \(\$ 203,000\), actual variable costs were \(\$ 101,000\), and 102,000 garments were handled.

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How did the firm perform? Show all variances from budget.