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K Door Draperies makes and sells curtains. Information related to its performance in 2020 is given below: (Click the icon to view the data.)
K Door Draperies makes and sells curtains. Information related to its performance in 2020 is given below: (Click the icon to view the data.) Calculate Door Draperies' static-budget variance for (a) revenues, (b) variable costs, (c) fixed costs, and (d) oper income. Begin by determining all of the actual amounts, then the static budget amounts, and finally the static-budget varianc Label each variance as favorable (F) or unfavorable (U). Units sold Actual Results Static Static-Budget Budget Variance 1220 1420 Revenues 244000 298200 54200 U 166000 159040 Variable costs 6960 U Contribution margin 78000 139160 61160 U 77000 74000 4000 U Fixed costs 1000 65160 64160 Operating income U
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