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Exercise 16-25 (Algo) Profit Variance Analysis (LO 16-4) The master budget at Monroe Manufacturing last period called for sales of 43,700 units at $59 each.

image text in transcribed Exercise 16-25 (Algo) Profit Variance Analysis (LO 16-4) The master budget at Monroe Manufacturing last period called for sales of 43,700 units at $59 each. The costs were estimated to be $43 variable per unit and $541,000 fixed. During the period, actual production and actual sales were 46,700 units. The selling price was $58 per unit. Variable costs were $45 per unit. Actual fixed costs were $532,000. Required: Prepare a profit variance analysis. Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option

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