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The Lasting Balloon Company Flexible Budget Performance Report For the Month Ended July 31 Flexible Master Budget Flexible Volume Master Budget Actual Variance Budget

The Lasting Balloon Company Flexible Budget Performance Report For the Month Ended July 31 Flexible Master Budget Flexible Volume Master Budget Actual Variance Budget Variance Budget Variance 56500 51000 Sales volume Sales revenue 172900 147900 Less: Variable expenses 75300 66300 Contribution margin 97600 81600 66100 65000 Less: Fixed expenses 31500 16600 Operating income

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