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1. Imagine that you run a nationwide chain of pizza stores in multiple states. Your pizza stores had projected to earn $1 million in profits

1. Imagine that you run a nationwide chain of pizza stores in multiple states. Your pizza stores had projected to earn $1 million in profits in the last quarter. Instead, it lost $300,000. Describe several factors that could explain the difference between the budgeted and actual performance. In addition, briefly explain how variance analysis will assist you in analyzing the performance.

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