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Assume that the amount of one of a company's variable expenses in its flexible budget is $40,000. The actual amount of the expense is $42,000

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Assume that the amount of one of a company's variable expenses in its flexible budget is $40,000. The actual amount of the expense is $42,000 and the amount in the company's planning budget is $41,000. The activity variance for this expense is: Multiple Choice $1,000 U $1.000 F $500 F $500 U

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