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XYZ Clinic estimates $10,000 in variable costs for the year. At the end of the year, it was determined that variable costs were $12,000. 1)
XYZ Clinic estimates $10,000 in variable costs for the year. At the end of the year, it was determined that variable costs were $12,000.
1) What is the variance amount for XYZ clinic? Is this variance favorable? Why or why not? What does the variance amount tell us about XYZ clinic?
2) What is the variance percentage for variable costs?
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