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What percent of variance between static budget and results

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Reference no: EM132916299

Question - Olive's Frame Store formula for its supplies cost is $3,000 fixed cost per month plus $12 variable cost per frame.

For February, the company planned for activity of 800 frames, but the actual level of activity was 860 frames.

The actual supplies cost for the month was $14,100.

Required - What percent of the variance between the static budget and actual results was due to volume (i.e., activity)?

Reference no: EM132916299

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