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Onyx Lily is the owner of Lily Thai Restaurant. At the beginning of the year, she predicted the annual operating income to be $390,000. By
Onyx Lily is the owner of Lily Thai Restaurant. At the beginning of the year, she predicted the annual operating income to be $390,000. By the end of the year, she calculated the flexible budget for operating income to be $350,000. Determine the sales-volume variance. Indicate whether the variance is favourable or unfavourable. Do not enter dollar signs or commas in the input boxes. Enter the variance amount as a positive value
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