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The Baldwin Company, in its master budget for 2 0 2 2 , predicted total sales of $ 1 7 5 , 0 0 0

The Baldwin Company, in its master budget for 2022, predicted total sales of $175,000, variable costs of $55,500, and fixed costs of $56,500($25,500 manufacturing and $31,000 nonmanufacturing). Actual sales revenue for 2022 turned out to be $157,000. Actual costs were as follows: variable, $55,500, and fixed, $57,500.(1) What was the total master (static) budget variance for 2022?(2) Was this total variance favorable (F) or unfavorable (U)?

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