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Cheyenne industries uses a standard cost accounting system. During March, 2022, the company reported the following manufacturing 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 manufacturing 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 expensesfar the month were 515,500 Preparean incomestatement formanagement for the monthending March 31, 2022. (Enter fovorable variance using either a Hegative sign preceding the number e.s, -45 or parentheses es. (45).)
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