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Please help The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 283,500 units with revenues of $3,402,000.
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The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 283,500 units with revenues of $3,402,000. Total varlable costs were budgeted at $1,984,500 and fixed costs at $984,000. During the perlod, actual production and actual sales were 256,700 units. The actual revenues were $3,451,000. Actual varlable costs were $5.65 per unit. Actual fixed costs were $1,014,000 Required: Prepare a profit variance analysis. Note: Indicate the effect of each varlance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select elther optionStep by Step Solution
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