(Appendix 11A)Dixie Corporation has provided the following data for June. 
Required:
a.Compute the budget variance for June.Show your work!
b.Compute the volume variance for June.Show your work!
Definitions:
Internal Rate of Return
A financial metric used to evaluate the profitability of an investment, indicating the annual return that makes the net present value of all cash flows equal to zero.
Cash Inflows
The receipt of money or cash equivalents into the business from various sources, including sales, investment income, and financing activities.
Required Rate
The minimum return an investor expects to achieve by investing in a project or asset.
Net Income
The company's net income, which remains after subtracting all costs and taxes from its total revenue.
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