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Problem 1: On December 5, Z-Mart purchased $1,800 worth of merchandise. On December 7, Z-Mart returned $800 worth of merchandise. On December 8, it paid the balance in full after taking a 2% discount. The amount of the payment was
A) $200
B) $980
C) $1,000
D) $1,600
E) $1,800
1. Determine the DM and DL budgets. 2. Calculate the Quantity and Price Variances for each budget and indicate whether each is favorable or unfavorable.
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