Compare the budgeted and actual figures for the following expenses for BlueSky Enterprises: Budgeted research and development
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Question:
- Compare the budgeted and actual figures for the following expenses for "BlueSky Enterprises":
- Budgeted research and development expenses: $150,000
- Actual research and development expenses: $170,000
Analyze the variance, identify potential reasons for the difference, and recommend strategies for cost management.
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