BIZZO estimated that income for January would be $53,500 and expenses would be $37,250. The...

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BIZZO estimated that income for January would be $53,500 and expenses would be $37,250. The actual income was $48,500 and the actual expenses were $35,000. What is the variance for the balance (income - expenses)? Select an answer: -$67,250 $7,250 $2,750 - $77,250

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