Performance Reports : At ZX Fashions, the budgeted income statement for December 2015 indicated sale

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Performance Reports : At ZX Fashions, the budgeted income statement for December 2015 indicated sales of $100,000 and cost of sales of $60,000. Actual Sales and cost of sales were $120,000 and $70,000 respectively. Should the owner of the company, be concerned that cost of sales is $10,000 greater than planned? Explain the basis of your