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Required information (The following information applies to the questions displayed below.) The fixed budget for 21.400 units of production shows sales of $470,800: variable costs

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Required information (The following information applies to the questions displayed below.) The fixed budget for 21.400 units of production shows sales of $470,800: variable costs of $64,200 and fixed costs of $142.000 The company's actual sales were 27.500 units at $562.000. Actual varlable costs were $113,900 and actual fixed costs were $130,000 Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Flexible Budget Performance Report Flexible Budget Actual Results Variances Favorable! Unfavorable Contribution margin

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