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Exercise 23-5(Static) Preparing flexible budget performance report LO P1 Nina Company prepared the...

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Accounting

Exercise 23-5(Static) Preparing flexible budget performance report LO P1
Nina Company prepared the following fixed budget for July using 7,500 units for budgeted sales. Actual sales were 7,200 units and
actual costs are shown below.
Prepare a flexible budget performance report for July at activity level of 7,200 units. Show variances between budgeted and actual
amounts.
Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.
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