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Using the figures below, please calculate the following for the company from (adjusted) budget: 1) Actual variable expense variance 2) Actual fixed expense variance Budget
Using the figures below, please calculate the following for the company from (adjusted) budget: |
1) Actual variable expense variance
2) Actual fixed expense variance
Budget | Actual | ||
Total revenues | 980 | 900 | |
Total variable expense | 580 | 550 | |
Total fixed expense | 320 | 300 | |
Net profit before tax | 80 | 50 |
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