At the end of the current fiscal year, the trial balance of Flatbush Corporation revealed the following
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Controllable Variance—$2,000
Volume Variance—$75,000
What conclusions can be drawn from these two variances?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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