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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 $ 430,000.

Onyx Lily is the owner of Lily Thai Restaurant. At the beginning of the year, she predicted the annual operating income to be $ 430,000. By the end of the year, she calculated the flexible budget for operating income to be $ 320,000. Determine the sales-volume variance. Indicate whether the variance is favourable or unfavourable

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