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Flexible Budgets, Direct-Cost Variances, and Management Control Flexible Budget Brabham Enterprises manufactures tires for the Formula I motor racing circuit. The company's budgeted and actual amounts are as follows: $$\text{Unknown environment 'tabular'}$$ Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab or type the numbers in, you will be marked wrong. Requirement Prepare a performance report that uses a flexible budget and a static budget. a. Enter all amounts as positive values. Do NOT use parentheses or a minus sign for amounts to be subtracted. b. Use the ABS function when calculating variances, and use the drop-down selections for F (favorable) or U (unfavorable) when describing the variances. c. For variances with a zero amount, make sure to enter the result of " =0 " in the appropriate cell and leave the drop-down to identify the variance as either F or U blank. Prepare a performance report that uses a flexible budget and a static budget. a. Enter all amounts as positive values. Do NOT use parentheses or a minus sign for amounts to be subtracted. b. Use the ABS function when calculating variances, and use the drop-down selections for F (favorable) or U (unfavorable) when describing the variances. c. For variances with a zero amount, make sure to enter the result of " =0 " in the appropriate cell and leave the drop-down to identify the variance as either F or U blank. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab or type the numbers in, you will be marked wrong.)

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