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Mr. Snow was extremely upset with the budget deficit. He immediately called you, the treasurer, to complain about the budget vaiance for the meal cost.
Mr. Snow was extremely upset with the budget deficit. He immediately called you, the treasurer, to complain about the budget vaiance for the meal cost. He told you that the added dessert caused the meal cost to be $4,810 ($25,110-$20,300) over budget. He added, "I could expect a couple hundred dollars one way or the orher, but several thousand is totally unacceptable. At the nect budget meeting of the budget committee, I want you to explain what happened." Summarize the results of the sales volume and variable cost volume variances computations based on the comparison between the master budget and the flexible budget.
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