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BudgetSalesVariableproductcostsVariablesellingexpenseOthervariableexpensesFixedproductcostsFixedsellingexpenseOtherfixedexpensesInterestexpenseVariancesSalesVariableproductcostsVariablesellingexpenseOthervariableexpensesFixedproductcostsFixedsellingexpenseOtherfixedexpensesInterestexpense$506,000196,00042,0003,10016,60023,9001,4007907,800U4,900F1,900U1,000U230F480F120U100F a. Prepare in good form a budgeted and actual income statement for internal use. Separate operating income from net incoine in the statements and

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BudgetSalesVariableproductcostsVariablesellingexpenseOthervariableexpensesFixedproductcostsFixedsellingexpenseOtherfixedexpensesInterestexpenseVariancesSalesVariableproductcostsVariablesellingexpenseOthervariableexpensesFixedproductcostsFixedsellingexpenseOtherfixedexpensesInterestexpense$506,000196,00042,0003,10016,60023,9001,4007907,800U4,900F1,900U1,000U230F480F120U100F a. Prepare in good form a budgeted and actual income statement for internal use. Separate operating income from net incoine in the statements and indicate whether each variance is fovorable (F) or unfavorable (U). (Select "None" if there is no effect (lio. zoro variance).)

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