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The master budget at Cherrylawn Corporation at the beginning of the year was based on...

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Accounting

The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 365,000 units with revenues of $3,285,000. Total variable costs were budgeted at $2,190,000 and fixed costs at $880,000. During the period, actual production and actual sales were 345,000 units. The actual revenues were $3,469,500. Actual variable costs were $24.50 per unit. Actual fixed costs were $1,070,000.
Required:
Prepare a sales activity variance analysis.
Note: 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.
\table[[Cherrylawn Corporation],[Sales Activity Variance],[,Flexible Budget,Sales Activity Variance,Master Budget],[Sales revenue],[Less:],[Variable costs],[Contribution margin],[Less:],[Fixed costs],[Operating profits,,,]]
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