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The actual information pertains to the month of September. As a part of the budgeting process, Twilith Fencing Company developed the following static budget for

The actual information pertains to the month of September. As a part of the budgeting process, Twilith Fencing Company developed the following static budget for September. Twilith is in the process of preparing the flexible budget and understanding the results.

ActualFlexibleStatic

ResultsBudgetBudget

Sales volume (in units)12,00015,000

Sales revenues$614,000$$780,000

Variable costs300,000$ _______377,250

Contributionmargin314,000$402,750

Fixed costs274,500$ _______268,000

Operating profit$39,500$$134,750

The flexible budget variance for the period would be:

Select one:

a.$80,550 F

b. $14,700 U

c.$14,700 F

d.$80,550 U

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