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Loop 1604 inc. has prepared a static budget at the beginning of the month. at the end of the month the following information is available: static budget: sales volume: 1,000 units: price $70 per unit variable costs: $32 per unit: fixed costs: $37,500 per month operating income: $500 actual results: sales volume: 990 units: price $74 per unit variable costs: $35 per unit: fixed costs: $33,000 per month operating income: $5,610 calculate the flexible budget variance for sales revenue.
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