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The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 2 7 5 , 5 0 0 units

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The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 275,500 units with revenues of $3,306,000. Total varlable costs were budgeted at $1,928,500 and fixed costs at $952,000. During the period, actual production and actual sales were 255,100 units. The actual revenues were $3,443,000. Actual variable costs were $6.45 per unit. Actual fixed costs were $982,000.
Required:
Prepare a profit varlance analysis.
Note: Indicate the effect of each varlance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select elther optlon.
\table[[Cherrylawn Corporation],[Profit Variance Analysis],[,Actual,\table[[Manufacturing],[Variances]],Sales Price Variance,Flexible Budget,\table[[Sales Activity],[Variance]],Master Budget],[Sales revenue,,],[Less:],[Variable costs],[Contribution margin,$,,,$,,$],[Less:],[Fixed costs],[\table[[Operating profits]],$,,,$,,$]]
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