Question
Nashville Corporation has provided the following information for June 2018: Fixed Element Variable Element Actual Totals Per Month Per Unit Sold for February Revenue $40
Nashville Corporation has provided the following information for June 2018:
Fixed Element | Variable Element | Actual Totals | |
Per Month | Per Unit Sold | for February | |
Revenue | $40 | $410,000 | |
Wages | $100,000 | $5 | $140,000 |
Office expense | $20 | $175,000 | |
Other expense | $40,000 | $48,000 |
Nashville Corporation planned on selling 10,000 units in June, however, actual units sales totaled 11,000 units.
The activity variance for revenue is _______ .
The activity variance for total expenses is _______ .
The activity variance for net operating income is _______ .
You must enter your answers in the following formats:
For favorable variances: $x,xxx F
For unfavorable variances: $x,xxx U
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