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The Luo Lobster House Restaurant has budgeted revenues of $1,080,000 for the month of August....

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Accounting

The Luo Lobster House Restaurant has budgeted revenues of $1,080,000 for the month of August. The warm weather and clear skies helped the operation to generate $1,260,000 in revenues. What are the 1) absolute variance and 2) relative variance?

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