Question: PLEASE SOLVE Problem 16-51 (Algo) Solve for Master Budget Given Actual Results (LO 16-2, 4) A new accounting intern at Gloson Corporation lost the colly

 PLEASE SOLVE Problem 16-51 (Algo) Solve for Master Budget Given ActualResults (LO 16-2, 4) A new accounting intern at Gloson Corporation lostthe colly copy of this period's masser budget. The CFO wants to

PLEASE SOLVE

Problem 16-51 (Algo) Solve for Master Budget Given Actual Results (LO 16-2, 4) A new accounting intern at Gloson Corporation lost the colly copy of this period's masser budget. The CFO wants to evaluate performance for this period but needs the master budget to do so. Actual results for the period follow. The company planned to produce and sel1 115,700 units for $6.00 each. At that volume, the contribution margin would have been $485,940. Variable marketing and adiministrative costs are budgeted at 10 percent of sales revenue. Manufacturing fored costs are estimated at $2.40 per unit at the normal volume of 115,700 units. Management notes, We budget an operating profit of $1.00 per unit at the normal volume." Required: a. Construct the master budget for the period. b. Prepare a profit variance analysis. Complete this question by entering your answers in the tabs below. Construct the master budget for the period. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs belem

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