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Cost-less sells a folding chair that they planned to sell for $30 each during the year. Variable costs were budgeted at $10 per chair on

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Cost-less sells a folding chair that they planned to sell for $30 each during the year. Variable costs were budgeted at $10 per chair on projected volume of 1,200 chairs. They had budgeted fixed costs of $15,000. For the year they actually sold 1,100 chairs and fixed costs were $14,000. Their contribution margin was $1 more per unit than budgeted. a) The total profit variance was Favorable or Unfavorable Calculate the impact each of the following had on profits: b) Activity/volume Variance Favorable or Unfavorable c) Total Revenue and Spending Variances Favorable or Unfavorable

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