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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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