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Nina Company prepared the following flxed budget for July using 7,700 units for budgeted sales. Actual sales were 7,400 units and actual costs are shown
Nina Company prepared the following flxed budget for July using 7,700 units for budgeted sales. Actual sales were 7,400 units and actual costs are shown below. Prepare a flexible budget performance report for July at activity level of 7,400 units. Show variances between budgeted and actual amounts, (indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Prepare a flexible budget performance report for July at activity level of 7,400 units. Show variances between mounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)
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