Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Pokeman Bunch Inc., manufactures Poke Monster figures and has the following data from its operation for the year just completed. Actual A Flexible Budget B
Pokeman Bunch Inc., manufactures Poke Monster figures and has the following data from its operation for the year just completed.
Actual | A | Flexible Budget | B | Master Budget | ||||||||||||||||||||||||
Units | 1,700 | 1,400 | ||||||||||||||||||||||||||
Sales (dollars) | $ | 109,000 | C | $ | 22,800 | F | ||||||||||||||||||||||
Variable cost | E | $ | 72,800 | |||||||||||||||||||||||||
Contribution Margin | $ | 2,200 | U | D | ||||||||||||||||||||||||
Fixed cost | F | $ | 5,160 | |||||||||||||||||||||||||
Operating income | $ | 29,000 | ||||||||||||||||||||||||||
The sales volume variance in terms of operating income (to the nearest dollar) is:
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