The actual information pertains to the third quarter. As part of the budgeting process, the Duck Decoy Department of Paralith Incorporated had developed the following static budget for the third quarter. Duck Decoy is in the process of preparing the flexible budget and understanding the results.
The flexible-budget variance for variable costs is ________. (Round the final answer to the nearest dollar.)
Definitions:
Beta
A measure of a stock's volatility in relation to the overall market.
Regression Equation
A mathematical formula used to predict a value of a dependent variable based on the values of one or more independent variables, often utilized in statistical analysis for forecasting and prediction.
Profits
The financial benefit attained when the revenue generated from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.
Moving Average Model
A statistical method used in forecasting that calculates the average of a series of data points over specific intervals to smooth out short-term fluctuations.
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