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  3. deondre was about to close the books on the compan

Deondre was about to close the books on the company's second year of business. Things...

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Accounting

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Deondre was about to close the books on the company's second year of business. Things had gone well, but not quite as well as the company had planned. Management had expected sales volume to be 24,000 units, compared to actual sales of 22,500 units. The company's budgeted information is as follows. Briefly describe the purpose(s) of the master budget and the flexible budget. What is the real cause of these variances? Does this common cause suggest that all these variances should carry the same sign? Explain. What is the real cause of these variances? Does this common cause suggest that all these variances should carry the same sign? Explain. Once Deondre finalizes actual results, which of the budgets (i.e. master budeget or flexible budget) should he compare them to as he conducts a more complete variance analysis? List the variances that this analysis will generate

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