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This is the entire question. Find the values of the missing items. Assume that actual sales volume equals actual production volume. (There are no inventory
This is the entire question.
Find the values of the missing items. Assume that actual sales volume equals actual production volume. (There are no inventory level changes.) (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.) Reported Income Marketing and Statement Manufacturing Administrative (based on Variance Variance actual sales volume) Sales Price Variance Flexible Budget (based on actual sales volume) Sales Activity Variance 6,500 F $ 3,790 F 2,850 Units Sales revenue Less: Variable manufacturing costs Variable marketing and administrative costs Contribution margin Less: Fixed manufacturing costs Fixed marketing and administrative costs Operating profit 21,200 4,505 16,695 1,105 U $ 1,990 U $ 495 F 6,450 3,950 5,900 | $ 3,790 F $ ction volume. (There are no inventory level y selecting "F" for favorable, or "U" for Sales Price Variance Flexible Budget (based on actual sales volume) Sales Activity Variance Master Budget (based on budgeted sales volume) 6,500 F 20,000 32,000 $ 3,790 F $ 16,000 21,200 4,505 16,695 | 1,105 U $ $ 12,600 3,950 5,900 $ 3,790 F $Step by Step Solution
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