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Old Vermont Furniture Maker Company reported the following values for the most recent month: Total revenue variance: $500 favorable Revenue price variance: $100 unfavorable Variable
Old Vermont Furniture Maker Company reported the following values for the most recent month: Total revenue variance: $500 favorable Revenue price variance: $100 unfavorable Variable cost volume variance: $150 unfavorable Variable cost price variance: $100 favorable Compute the following and indicate whether each is favorable or unfavorable: a. Revenue volume variance b. Total variable cost variance c. Total contribution margin variance
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