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Nina Company prepared the following fixed budget for July using 7,500 units for budgeted sales. Actual sales were 7,200 unit and actual costs are shown
Nina Company prepared the following fixed budget for July using 7,500 units for budgeted sales. Actual sales were 7,200 unit and actual costs are shown below. Prepare a flexible budget performance report for July at activity level of 7,200 units. Show variances between budgeted and amounts. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance
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