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Katsu,Inc.has a small car division that operates as a profit center.Below is a partially completed responsibility report for the first quarter.
Compute the percentage variance for the flexible budget variance for sales revenue.(Round your answer to two decimal places.)
1960s
A decade marked by significant social, political, and cultural change worldwide, including movements for civil rights and against the Vietnam War in the United States.
Technological Progress
Innovations and improvements in technology that can lead to more efficient production methods and economic growth.
Factor of Production
Inputs used in the production of goods or services to make an economic profit, including land, labor, capital, and entrepreneurship.
Perfectly Competitive
A market structure characterized by many buyers and sellers, homogeneous products, free entry and exit, and perfect information, leading to firms being price takers.
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