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Northern Co. manufactures chairs. Some of the company's data was misplaced. Use the following information to replace the lost data. Please show your work
Northern Co. manufactures chairs. Some of the company's data was misplaced. Use the following information to replace the lost data. Please show your work to get full credit. Sales Volume (in units) Actual Results 65,000 Sales Revenues $1,190,000 Less: Variable Costs 550,000 Contribution Margin 640,000 Less: Fixed Costs 430,000 Operating Income 210,000 Flexible Budget (Required) Fill out the blank cells with appropriate names and numbers. Also indicate if the variance is favorable (F) or Unfavorable (U). Master Budget 60,000 $1,200,000 480,000 720,000 420,000 300,000
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