(Solved): The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 305, ...

The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 305,000 units with revenues of \( \$ 3,355,000 \). Total variable costs were budgeted at \( \$ 1,830,000 \) and fixed costs at \( \$ 980,000 \). During the period, actual production and actual sales were 285,000 units. The actual revenues were \( \$ 3,451,500 \). Actual variable costs were \( \$ 12.50 \) per unit. Actual fixed costs were \( \$ 1,010,000 \) Required: Prepare a flexible budget for Cherrylawn Corporation.