Answer is not complete. Cherrylawn Corporation Sales Activity Variance Sales Activity Variance Master Budget U Sales revenue Less: Variable costs Contribution margin Less: Fixed costs Operating profits GA $ Flexible Budget F 0 U $ 0 F U $ 0 Exercise 16-27 (Algo) Sales Activity Variance (LO 16-3) The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 280,000 units with revenues of $3,360,000. Total variable costs were budgeted at $1,960,000 and fixed costs at $955,000. During the period, actual production and actual sales were 260,000 units. The actual revenues were $3,444,000. Actual variable costs were $7.50 per unit. Actual fixed costs were $985,000. Required: Prepare a sales activity variance analysis. Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.