Question
Listed below is the budget and actual results. What is the contribution margin variance after adjusting to a flexible budget? Static Budget Actual Units sold
Listed below is the budget and actual results. What is the contribution margin variance after adjusting to a flexible budget?
|
| Static Budget |
| Actual |
| Units sold | 300 |
| 310 |
| Sales | $6,000 |
| $6,200 |
| Variable expenses | $3,800 |
| $3,900 |
| Contribution margin | $2,200 |
| $2,300 |
| Fixed expenses | $700 |
| $680 |
| Operating income | $1,500 |
| $1,620 |
| 100 unfavorable | ||
| 100 favorable | ||
| 27 favorable | ||
| 27 unfavorable |
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International Accounting
Authors: Radebaugh
4th Edition
0471136646, 9780471136644
