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Stoop Inc. sells 20 shirts for $17 each that cost them $10 each to produce. Management had budgeted that the company would sell 20 shirts
Stoop Inc. sells 20 shirts for $17 each that cost them $10 each to produce. Management had budgeted that the company would sell 20 shirts for $20 each that would cost them $15 each to produce. What is the cost variance? Denote a favorable variance with a positive number or an unfavorable variance with a negative number.
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