(Revenue variances) The manager of a lumber mill has been asked to ex¬ plain to the company president why sales of scrap firewood were above budget by $4,200. He requests your help. On examination of budget docu¬ ments, you discover that budgeted revenue from firewood sales was $75,000 based on expected sales of 1,875 cords of wood at $40 per cord. Further in¬ vestigation reveals that 1,800 cords were actually sold at an average price of $45. Prepare an analysis of firewood sales and explain what happened.

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