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Required: Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. (Indicat he effect of each variance by

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Required: Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. (Indicat he effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (i.e., zero variance). Input Ill amounts as positive values.)

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