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Question
An exchange rate variance results from ________.
A) setting the budget at the actual exchange rate at that time and final performance at the rate used when the budget was set
B) translating the budget and actual performance at the forecasted exchange rate
C) translating the budget at the projected exchange rate and final results at the actual exchange rate
D) translating the budget using the current-rate method and actual results at the new current-rate method
Answer
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