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In November of 20x1, when you make your annual budget for the calendar year, you budget $50 per month for pet food for your dog
- In November of 20x1, when you make your annual budget for the calendar year, you budget $50 per month for pet food for your dog in 20X2. Then on May 1, 20X2 you get a second dog (who eats exactly as much as the first dog), and on August 1, 20X2 the price of dog food increases by 10%.
- What is your actual annual cost of pet food for 20X2?
- How much is the variance for the cost of pet food for 20X2?
- What percentage of the variance is due to getting the second dog?
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