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Calculate the total variance for revenues, costs and profit, and interpret each variance as favorable or unfavorable. Calculate the volume variance and the flexible budget
Calculate the total variance for revenues, costs and profit, and interpret each variance as favorable or unfavorable. Calculate the volume variance and the flexible budget variance for revenues, costs, and profit, and interpret cach variance as favorable or unfavorable. Which variance calculations (part a. or part b.) give you better information Explain
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