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5. Sofia produces sofas. The following budgeted and actual amnunts are for 2022 : Instructions Prepare a performance report using the flexible budget for Sofia

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5. Sofia produces sofas. The following budgeted and actual amnunts are for 2022 : Instructions Prepare a performance report using the flexible budget for Sofia Sofa Store for the year, comparing budgeted amounts to actual results and highlighting any favourable or unfavourable variances. (4 marks)

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