Question
Below is data for Jewelry by Jessica for the month of October. Master Budget Flexible Budget Actual Results Revenue $60,000 $64,000 $76,800 Variable costs $24,000
Below is data for Jewelry by Jessica for the month of October.
Master Budget | Flexible Budget | Actual Results | |
Revenue | $60,000 | $64,000 | $76,800 |
Variable costs | $24,000 | $38,400 | $44,800 |
Contribution margin | $36,000 | $25,600 | $32,000 |
Fixed costs | $5,000 | $5,000 | $7,500 |
Profit before taxes | $31,000 | $20,600 | $24,500 |
What statement below is true?
Group of answer choices
Fixed costs spending variance is $2,500 U and the sales price variance is $10,400 F
Sales volume variance is $10,400 U and the variable cost spending variance is $6,400U
Profit variance is $13,500 F and the sales price variance is $12,800 U
Sales volume variance is $9,600 F and the sales price variance is $12,800 F
Profit variance is $3,900 U and the sales volume variance is $6,500 F
Sales volume variance is $12,800 F and the sales price variance is $9,600 U
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started