During October, Company A had actual sales of 195,000 compared to budgeted sales of 180,000....
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Accounting
During October, Company A had actual sales of 195,000 compared to budgeted sales of 180,000. Actual cost of sales was 136,500, compared to a budget of 135,000. Monthly operating expenses, budgeted at 25,000, totalled 28,000. Interest expense of 2,500 incurred during February but had not been included in the budget. The performance report for October would show a net profit variance of
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