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Olives Framing Store formula for its supplies cost is $2,000 fixed cost per month plus $15 variable cost per frame. For April, the company planned
Olives Framing Store formula for its supplies cost is $2,000 fixed cost per month plus $15 variable cost per frame. For April, the company planned for activity of 900 frames, but the actual level of activity was 860 frames. The actual supplies cost for the month was $14,000. What percentage of the total variance between the static budget and actual results was due to volume (activity)?
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