The Baldwin Company, in its master budget for 2022, predicted total sales of $163,000, variable costs of $49,500, and fixed costs of $52,900 ($24,300 manufacturing and $28,600 nonmanufacturing). Actual sales revenue for 2022 turned out to be $151,000. Actual costs were as follows: variable, $54,300, and fixed, $51,500. (1) What was the total master (static) budget variance for 2022? (2) Was this total variance favorable (F) or unfavorable (U)?

Brlef Exercise 14-13 (Algo) The Baldwin Company, In Its master budget... [LO 14-2] The Baldwin Company, in its master budget for 2022. predicted total sales of $163.000. variable costs of $49.500, and fixed costs of $52,900 ($24.300 manufacturing and $28.600 nonmanufacturing). Actual sales revenue for 2022 turned out to be $151.000. Actual costs were as follows: variable. $54.300, and fixed, $51.500. (1) What was the total master (static) budget variance for 2022? (2) Was this total variance favorable (F) or unfavorable (U)? Total master (static) budget variance