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A toy company gives you the following data for a month. You are required to calculate the variances based on profit. ( 1 0 Marks

A toy company gives you the following data for a month. You are required to calculate the

variances based on profit.

(10

Marks

)

Toy Budgeted Actual

Quantity Rate Cost per unit Quantity Rate

900 50 45 1000 55

650 100 85 700 95

1200 75 65 1100 78

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