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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 275,000 units with revenues of $3,300,000. Total variable costs were budgeted at $1,925,000 and fixed costs at $950,000. During the period, actual production and actual sales were 255,000 units. The actual revenues were $3,442,500. Actual variable costs were $6.50 per unit. Actual fixed costs were $980,000.
Required:
Prepare a profit variance analysis. Specifically Sales Price Variance, Sales Activity Variance, and the Master Budget.
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.

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