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Which one of the following equations is correct? a. Flexed budget profit + favourable variances - adverse/unfavourable variances = actual profit b. Original budget profit

Which one of the following equations is correct?

a.

Flexed budget profit + favourable variances - adverse/unfavourable variances = actual profit
b.

Original budget profit + unfavourable variances - favourable variances = flexed budget profit
c.

Original budget profit + favourable variances - adverse/unfavourable variances = actual profit
d.

Actual profit + favourable variances - adverse/unfavourable variances = original budget profit

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