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Question 1: arrange a flexible budget.
Question 1: Compute the sales volume variance and the variable cost volume variances based on a 3.comparison between the master budget and the flexible budget.
Question 3: Compute flexible budget variances by comparing the flexible budget with the actual results.
Question 4: Summarize the results of the sales volume and variable cost volume variances computations based on the comparison between the master budget and the flexible budget.
Question 5: Summarize the results of the flexible budget variances computations based on the comparison between the flexible budget and the actual results.
Question 6: Justify the favorable or unfavorable budget variances.
Question 7: Since this is a not-for-profit organization, address why anyone should be concerned with meeting the budget.
Question 8: Make recommendations for what can be done differently to stay on budget for future luncheons. Provide specific examples to support your recommendations.
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write down Comprehensive Problems.
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