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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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