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Q1) Smart Toys producing projected 2009 sales of 10,000 units at $12.00 per unit. Actual sales for year were 14,000 units at 12.50 per unit. Actual variable expenses, budgeted at= $5.00 per unit, amounted to= $4.80 per unit. Actual fixed expenses, budgeted at= $60,000, totalled $ 62,500.

Make Smart Toys income statement performance report for 2009, comprising both flexible budget variances and sales volume variances.

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