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3Ь 50 10 320 33D 340 70 90 10 110 120 130 140 150 16 17D 360 35 38 390 37 410 420 430 40 45 460 47G 44 operating income%3Drev

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Answer #1

40.

Variance is the difference between the budget and actual results. When we calculate the actual results and compare with the budgeted standards, we find the difference in the actual results and budgeted standards. So, this difference is called variance.

So, Option D. Is the correct answer.

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