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During July, Johnson Company had actual sales of $150,000 compared to budgeted sales of $102,000. Actual cost of goods sold was $105.500, compared to a

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During July, Johnson Company had actual sales of $150,000 compared to budgeted sales of $102,000. Actual cost of goods sold was $105.500, compared to a budget of 100.300 Monthly operating expenses budgeted at $22.400 totaled $20,000. Interest revenge of $2,000 was eamed during July but had not been included in the budget The performance report for July would show a net income variance of O A $9,600 Favourable. B. (54.800) Unfavourable OC. 54.800 Favourable OD. (59,600) Unfavourable

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