Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Orcutt Corporation prepared a budget last period that called for sales of 9,000 units at a price of $12 each. The costs were estimated to
Orcutt Corporation prepared a budget last period that called for sales of 9,000 units at a price of $12 each. The costs were estimated to be $5 variable per unit and $27,000 fixed. During the period, actual production and actual sales were 9,200 units. The actual selling price was $12.15 per unit. Variable costs were $5.90 per unit. Actual fixed costs were $27,000.
1. Flexible-budget Ol variance
2. Static-budget Ol variance
3. Sales volume Ol variance
4. Static-budget sales variance
5. Sales price variance
6. Sales volume variance
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