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Starbucks Corporation set a budget of $1.2 billion for store operating expenses but incurred actual expenses of $1.4 billion for the fiscal year 2020. Calculate

Starbucks Corporation set a budget of $1.2 billion for store operating expenses but incurred actual expenses of $1.4 billion for the fiscal year 2020. Calculate the store operating expense variance and analyze the factors contributing to the variance, including labor costs, rent, and utilities.

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