Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In September, Larson Inc. sold 50,000 units of its only product for $416,000, and incurred a total cost of $385,000, of which $41,000 was fixed
In September, Larson Inc. sold 50,000 units of its only product for $416,000, and incurred a total cost of $385,000, of which $41,000 was fixed costs. The flexible budget for September showed total sales of $460,000. Among variances of the period were total variable cost flexible-budget variance, 59,000U; total flexible-budget variance, $80,000U; and, sales volume variance, in terms of contribution margin, $43.000U. The sales volume variance, in terms of operating income, for September (to the nearest dollar) was: 2 00:50:15 Multiple Choice 0 $102.000 unfavorable 0 5142.000 unfavorable 0 $37000 unfavorable 0 521000 unfavorable 0 543.000 unfavorable Type here to search ENG S11 PM 11/9/2019
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