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Find the values of the missing items. Assume that the actual sales volume equals actual production volume. (There are no inventory level changes.) (Do not
Find the values of the missing items. Assume that the actual sales volume equals actual production volume. (There are no inventory level changes.) (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable.
Reported Income Statement (2,250 units) Master Budget(2,400 Marketing and AdministrativeSales Price Variance Flexible Sales Activity Variance Sales Activity Manufacturing Variance Budget (2,250 units) Variance units) $117,000 Sales revenue Variable manufacturing costs Variable marketing and administrative costs Contribution margin $ 121,500 $3,600 F 2,280 F 14,400 74,400Step by Step Solution
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