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Cheyenne Industries uses a standard cost accounting system. During March, 2022, the company reported the following manufacturi variances: In addition, 15,500 units of product were
Cheyenne Industries uses a standard cost accounting system. During March, 2022, the company reported the following manufacturi variances: In addition, 15,500 units of product were sold at $18 per unit. Each unit sold had a standard cost of $14. Selling and administrative expenses for the month were $15,500, Prepare an income statement for management for the month ending March 31, 2022. (Enter favorable variance using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) neaative sign nreceding the number e.g. -45 or parentheses e.g. (45).) eTextbook and Media
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