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Budget Variance Analysis (Sales and Production): Analyze the sales volume variance and production volume variance for a company, XYZ Ltd., comparing actual and budgeted sales

Budget Variance Analysis (Sales and Production): Analyze the sales volume variance and production volume variance for a company, XYZ Ltd., comparing actual and budgeted sales and production levels, with the following data:

Actual Sales Volume: 10,000 units
Budgeted Sales Volume: 12,000 units
Actual Production Volume: 9,000 units
Budgeted Production Volume: 11,000 units

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