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The following data were collected by Pete Inc. for the month of May:Required: 1 , 2 & 3 . Prepare the static and flexible budgets
The following data were collected by Pete Inc. for the month of May:Required:& Prepare the static and flexible budgets and show the variances by completing the table given below. Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance
tablePete Inc.Static Budget Performance ReportFor the Month Ended May Actual,Flexible Budget Variance,tableFlexibleBudgetSales Volume Variance,Static Budget,Static VarianceSales unitsRevenueVariable expensesContribution marginFixed expenses,,,,,,
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