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Prepare a flexible budget and performance report using static and flexible budgets to show managers performance and what caused the favorable or unfavorable variances. What

Prepare a flexible budget and performance report using static and flexible budgets to show managers performance and what caused the favorable or unfavorable variances. What are the benefits of having a standard cost system? Calculate the direct material cost and efficiency variances Calculate the direct labor cost and efficiency variances Calculate the Variable Overhead cost and efficiency variances Calculate the Fixed Overhead cost and

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