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FB 3 Nina Company prepared the following fixed budget for July using 7,560 units for budgeted sales. Actual sales were 7,260 units and actual costs

FB 3

Nina Company prepared the following fixed budget for July using 7,560 units for budgeted sales. Actual sales were 7,260 units and actual costs are shown below. Prepare a flexible budget performance report for July at activity level of 7,260 units. Show variances between budgeted and actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)

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