Question
Danner Fashions sells a line of women's dresses. Danner's performance report for November is shown below: (CMA adapted) The company uses a flexible budget to
Danner Fashions sells a line of women's dresses. Danner's performance report for November is shown below: (CMA adapted)
The company uses a flexible budget to analyze its performance and to measure the effect on operating income of the various factors affecting the difference between budgeted and actual operating income.
| Actual | Budget | |||||||||
| Dresses sold | 6,200 | 7,440 | ||||||||
| Sales | $ | 365,800 | $ | 550,560 | ||||||
| Variable costs | (179,800 | ) | (223,200 | ) | ||||||
| Contribution margin | $ | 186,000 | 327,360 | |||||||
| Fixed Costs | (120,000 | ) | (104,000 | ) | ||||||
| Operating income | $ | 66,000 | $ | 223,360 | ||||||
The sales price variance for November is?
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
Auditing Employee Hiring And Staffing
Authors: Kelli W. Vito
1st Edition
0894137034, 978-0894137037
