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Unformatted text preview: Interest Expense Income before Income Taxes 17,265 20,625 (3,360) Income Taxes 6,906 8,250 1,344 Net Income $ 10,359 $ 12,375 $(2,016) The flexible budget shows an even higher unfavorable variance than the static budget. This does not always happen but is why flexible budgets are important for giving management an indication of what questions need to be asked....
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This note was uploaded on 11/16/2011 for the course ACCT 2310 taught by Professor Staff during the Spring '09 term at Texas State.
- Spring '09