Question: Problem 16-52 (Algo) Find Missing Data for Profit Variance Analysis (LO 16-4) Find the values of the missing items. Assume that the actual sales volume

 Problem 16-52 (Algo) Find Missing Data for Profit Variance Analysis (LO

Problem 16-52 (Algo) Find Missing Data for Profit Variance Analysis (LO 16-4) Find the values of the missing items. Assume that the actual sales volume equals actual production volume. (There are no inventory level changes.) (Do not round intermediate calculations. 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.) Reported Income Statement (2,500 units) $ 122,500 Manufacturing Variance Marketing and Administrative Variance Sales Price Variance Flexible Budget (2,500 units) Sales Activity Variance Master Budget (2,700 units) Sales revenue $ 132,500 $ 3,750 F 3,020 F Variable manufacturing costs Variable marketing and administrative costs Contribution margin 16,200 76,200

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