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Selected data for October for Rio Vista Company is shown as follows. The variable overhead sales activity variance is $4,500 F. Flexible budget based on
Selected data for October for Rio Vista Company is shown as follows. The variable overhead sales activity variance is $4,500 F.
Flexible budget based on actual sales of 12,300 units: | |||
Revenue | $ | 116,850 | |
Materials | 40,180 | ||
Labor | 30,750 | ||
Variable overhead | 20,500 | ||
Fixed costs (manufacturing and administrative) | 17,000 | ||
Required:
a. How many units were budgeted for October in the master budget?
b. Recreate the master budget for October.
Recreate the master budget for October. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)
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