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Graham Corporation used the following data to evaluate its current operating system. The company sells items for $10 each and used a budgeted selling price

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Graham Corporation used the following data to evaluate its current operating system. The company sells items for $10 each and used a budgeted selling price of $10 per unit. a. Prepare the actual income statement, flexible budget, and static budget. b. What is the static-budget variance of revenues? c. What is the flexible budget variance for variable costs? d. What is the flexible budget variance for fixed costs

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