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help needed. the second column under variances gives option choices of F or U. as well as the second column under Sales Price Variance and

help needed. the second column under variances gives option choices of F or U. as well as the second column under Sales Price Variance and Sales Activity Variance. image text in transcribed
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The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 282,500 units with revenues of $3,390,000. Total variable costs were budgeted at $1,977,500 and fixed costs at $980,000. During the period, actual production and actual sales were 256,500 units. The actual revenues were $3,450,000. Actual variable costs were $5.75 per unit. Actual fixed costs were $1,010,000 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 elther option. able. If there is no effect, do not select

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