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12. The difference between standard and actual amounts are called: a. Variances. b. Operating income. c. Favorable. d. Unfavorable. 13. When actual sales exceed expected
12. The difference between standard and actual amounts are called:
a. Variances.
b. Operating income.
c. Favorable.
d. Unfavorable.
13. When actual sales exceed expected sales, are variances:
a. Flexible.
b. Operating income.
c. Favorable.
d. Unfavorable.
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