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  3. xyz clinic estimates $250,000 in profits for the y

XYZ clinic estimates $250,000 in profits for the year. At the end of the year...

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Question

Finance

XYZ clinic estimates $250,000 in profits for the year. At the end of the year it was determined that profits were $300,000.

1)What is the variance amount for XYZ clinic? Is this variance favorable? Why or why not? What does the variance amount tell us about XYZ clinic?

2) What is the variance percentage for the profit?

Show any calculations.

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