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The flexible budget for a company indicates that total manufacturing costs for producing 16,000 units should be $340,000. If the actual costs incurred for producing

The flexible budget for a company indicates that total manufacturing costs for producing 16,000 units should be $340,000. If the actual costs incurred for producing 14,000 units amount to $320,000, evaluate the manufacturing cost variance, considering the impact of production volume on fixed and variable costs, and suggest strategies to enhance cost efficiency.

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