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Develop a forecast for the next period,given the data below,using a 3-period moving average.
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Materials
Raw resources or supplies used in the production of finished goods.
Revenue
The total income generated by a company from its usual business activities, usually from the sale of goods and services to customers.
Spending Variance
A financial metric that indicates the difference between the budgeted or planned amount of spending and the actual amount spent.
Flexible Budget
A budget that is adaptable and varies according to the changes in activity level or volume.
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