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Nina Company prepared the following fixed budget for July using 7,500 units for budgeted sales. Actual sales were 7,200 units and actual costs are shown

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Nina Company prepared the following fixed budget for July using 7,500 units for budgeted sales. Actual sales were 7,200 units and actual costs are shown below. Prepare a flexible budget performance report for July at activity level of 7,200 units. Show varlances between budgeted and actual amounts, (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)

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