5) Folsom Fashion sells a line

Folsom Fashions sells a line of women's dresses. The company uses flexible budgets to analyze its performances The firm's performance report for November is presented below: Actual Budget Dresses sold 5,399 6,499 Sales $233,299 $399,899 Variable costs 137,899 179,299 Contribution margin 3 95,499 $121,699 Fixed costs 84,999 89,999 Operating income $ 11,499 $ 41,699 The selling price variance for November is