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Nina Company prepared the following fixed budget for July using 7,800 units for budgeted sales. Actual sales were 7,500 units and actual costs are shown

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Nina Company prepared the following fixed budget for July using 7,800 units for budgeted sales. Actual sales were 7,500 units and actual costs are shown below. Prepare a flexible budget performance report for July at activity level of 7,500 units. Show variances between budgeted a actual amounts. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)

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