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Analyze the variance analysis for TechAdvance Corporation for the fiscal year 2023. Given the following data: Actual Cost: $500,000 Budgeted Cost: $400,000 Actual Revenue: $600,000

Analyze the variance analysis for “TechAdvance Corporation” for the fiscal year 2023. Given the following data:

Actual Cost: $500,000

Budgeted Cost: $400,000

Actual Revenue: $600,000

Budgeted Revenue: $700,000

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