Over its history, suppose that France has borrowed more from the rest of the world than it has lent to the rest of the world. Th
1 answer:
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Answer:
The correct answer is:
(a) -7783
(b) 6800
(c) -983
Explanation:
According to the given values in the question:
(a)
The price variance will be:
=
=
= (Favorable)
(b)
The quantity variance will be:
=
=
=
= (Unfavorable)
(c)
The cost variance will be:
=
=
= (Favorable)