Exercise 16-27 (Algo) Sales Activity Variance (LO 16-3) The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 340,000 units with revenues of $3,400,000. Total variable costs were budgeted at $2,040,000 and fixed costs at $1,015,000. During the period, actual production and actual sales were 320,000 units. The actual revenues were $3,462,000. Actual variable costs were $19,50 per unit. Actual fixed costs were $1,045,000 Required: Prepare a sales activity 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