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Gourmet Foods Ltd. prepares a flexible budget for the month based on different levels of activity. The company's fixed manufacturing costs are $80,000, and variable

Gourmet Foods Ltd. prepares a flexible budget for the month based on different levels of activity. The company's fixed manufacturing costs are $80,000, and variable manufacturing costs are $5 per unit produced. If the company's activity levels range from 8,000 to 12,000 units, prepare a flexible budget and analyze the total manufacturing cost variances at each activity level.

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