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Chapter 7 in Horngren's cost accounting 16th edition textbook In summarizing its painstaking analysis of revenue and direct cost variances, the textbook refers to three

Chapter 7 in Horngren's cost accounting 16th edition textbook In summarizing its painstaking analysis of revenue and direct cost variances, the textbook refers to three levels of analysis. What specifics are revealed with regard to the difference between a master budget and actual results at each level?

Please use the textbook only.

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