The Mead Corporation has a per unit selling price of $100, variable cost of $75...
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Accounting
The Mead Corporation has a per unit selling price of $100, variable cost of $75 per unit, and fixed cost of $20,000. Mead has prepared a flexible budget showing sales activity of 5,000 units and 6,000 units. If actual sales revenue is $550,000 based on sales of 5,000 units, what is the sales variance shown in a flexible budget performance report?
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