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Describe why I need to know the variance from what was budgeted for the year to the actuals for the year. What do I do

Describe why I need to know the variance from what was budgeted for the year to the actuals for the year. What do I do with that variance number? Provide variances for each of the following:

Budget: $344500 Actual: $280000 Variance %: Variance Dollar:

Budget: $144678 Actual: $234590 Variance % Variance Dollar:

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