Answer is not complete. Cherrylawn Corporation Sales Activity Variance Sales Activity Variance Master Budget U Sales...

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Answer is not complete. Cherrylawn Corporation Sales Activity Variance Sales Activity Variance Master Budget U Sales revenue Less: Variable costs Contribution margin Less: Fixed costs Operating profits GA $ Flexible Budget F 0 U $ 0 F U $ 0 Exercise 16-27 (Algo) Sales Activity Variance (LO 16-3) The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 280,000 units with revenues of $3,360,000. Total variable costs were budgeted at $1,960,000 and fixed costs at $955,000. During the period, actual production and actual sales were 260,000 units. The actual revenues were $3,444,000. Actual variable costs were $7.50 per unit. Actual fixed costs were $985,000. 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. Answer is not complete. Cherrylawn Corporation Sales Activity Variance Sales Activity Variance Master Budget U Sales revenue Less: Variable costs Contribution margin Less: Fixed costs Operating profits GA $ Flexible Budget F 0 U $ 0 F U $ 0 Exercise 16-27 (Algo) Sales Activity Variance (LO 16-3) The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 280,000 units with revenues of $3,360,000. Total variable costs were budgeted at $1,960,000 and fixed costs at $955,000. During the period, actual production and actual sales were 260,000 units. The actual revenues were $3,444,000. Actual variable costs were $7.50 per unit. Actual fixed costs were $985,000. 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.