Reference: Survey of Accounting 6th edition Book

Based on Chapter 15

Multiple Choice

Multiple Choice O $000 favorable variable operating cost variance $900 unfavorable variable operating cost variance $800 favorable variable operating cost variance GOO $800 unfavorable variable operating cost variance The following information was drawn from the accounting records of Ashton Company. Budgeted Actual Sales $12,060 $15 , 800 Cost of Goods Sold (5,800) (7,800) Gross Margin 6, 200 8,006 Variable Cost (2, 400) (3,300) Fixed Cost (3,300) (2,500) Net Income $ 500 $ 2, 200 Based on this information Ashton Company has a