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Question 7 In January, a business set a revenue budget of 325,000. Actual revenue was 50,000 lower than budget. The expenditure budget of the business

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Question 7 In January, a business set a revenue budget of 325,000. Actual revenue was 50,000 lower than budget. The expenditure budget of the business in January was 210,000. Actual expenditure was 8% higher than budget. Calculate the profit variance of the business for January, stating whether it is adverse or favourable

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