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P7-3: Prepare a planned operating budget and a flexible operating budget (Open the image in a new window and it will be very easy to

P7-3: Prepare a planned operating budget and a flexible operating budget

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A. Prepare a planned operating budget for the year ended December 31, 2014, for part (1)

B. Using a flexible operating budget, analyze the efficiency of operations and comments on the ocmpany's sale policy for part (2)

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