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The following information pertains to the month of August. As part of the budgeting process, Shelley Company developed the following static budget for August. Shelley

The following information pertains to the month of August. As part of the budgeting process, Shelley Company developed the following static budget for August. Shelley Company is in the process of preparing the flexible budget and understanding the results. The flexible budget will report for variable costs. $158,000 $750,000 $158,000 $750,000 $900,000 $780,000 $480,000

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