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Davidson Corp. produces a single product fireproof safety deposit boxes for home use. The budget going into the current year anticipated a selling price of

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Davidson Corp. produces a single product fireproof safety deposit boxes for home use. The budget going into the current year anticipated a selling price of $63 per unit. Because of competitive pressures, the company had to cut selling prices by 10% during the year, Budgeted variable costs per unit are $40, and budgeted total fixed costs are $160,000 for the year. Anticipated sales volume for the year was 14,000 units. Actual sales volume was 5% less than budget (1) What was the sales price variance for the year? (2) Label this variance F (favorable) or (unfavorable), as appropriate. (Do not round intermediate calculations.) Sales price variance

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