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Chapter Objectives
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After studying Chapter 11, you should be able to:

LO1

Prepare a flexible budget.

LO2

Prepare a report showing activity variances.

LO3

Prepare a reprot showing revenue and spendign variances.

LO4

Prepare a performance report that combines activity variances and revenue and spending variances.

LO5

Prepare a flexible budget with more than one cost driver.

LO6

Understand common errors made in preparing performance reports based on budgets and actual results.






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