Reference: Survey of Accounting 6th edition Book

Based on Chapter 15

Multiple Choice

The following information was drawn from the accounting records of Ashton Company. Budgeted Actual Sales $ 9,999 $11,999 Cost of Goods Sold (4,999} (9,999) Gross Margin 4,433 5,633 Variable Cost (1,833} (2,433) Fixed (3051: (2,199} (1,999) Net Income $ 533 $ 1,633 Based on this information Ashton Company has a Multiple Choice O $1,100 favorable sales variance O $1,100 unfavorable sales variance $2,600 favorable sales variance O $2,600 unfavorable sales variance