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To get a more accurate assessment the Controller of Frank's Filecabinets believes a performance report based on a Flexible Budget would be more useful. He

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To get a more accurate assessment the Controller of Frank's Filecabinets believes a performance report based on a Flexible Budget would be more useful. He needs your help however. Create a flexible budget below using the information given and identify the amount of the variances as well as identify with a "(U)" unfavorable variances and with an" (F)" for favorable variances

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