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kindly send the correct working on each question. from A to D 2. Consider the following three budgets for Minute Clinic during 2020 : A.
kindly send the correct working on each question. from A to D
2. Consider the following three budgets for Minute Clinic during 2020 : A. Calculate and provide an interpretation of the profit variance. B. Calculate and provide an interpretation of the revenue variance (total). C. Calculate and provide and interpretation of the cost/expense variance (total). D. Evaluate the overall budgetary performance for Minute Clinic in 2020 based on the results from Parts A through C. What factors (identify at least two) that contributed to this overall level of performance. Budget Variance Formulas Overall Budget Variances Profit variance = Actual profit - Static profit Revenue variance = Actual revenues - Static revenues Cost variance = Static costs - Actual costs Revenue Budget Variances Revenue variance = Actual revenues - Static revenues Volume variance = Flexible revenues - Static revenues Price variance = Actual revenues - Flexible revenues Expense / Cost Budget Variances Cost variance = Static costs - Actual costs Volume variance = Static costs - Flexible costs Management variance = Flexible costs - Actual costsStep by Step Solution
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