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Calculate sales volume variance, flexible budget variance, and total budget variance. Item Amount Budgeted sales $1,000,000 Actual sales $900,000 Budgeted variable costs $600,000 Actual variable

Calculate sales volume variance, flexible budget variance, and total budget variance.

Item

Amount

Budgeted sales

$1,000,000

Actual sales

$900,000

Budgeted variable costs

$600,000

Actual variable costs

$540,000

Fixed costs

$200,000

Actual fixed costs

$220,000

  • Requirements:
    1. Calculate the sales volume variance.
    2. Calculate the flexible budget variance.
    3. Calculate the total budget variance.
    4. Analyze the variances and provide insights into the store's performance.

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