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TechGear Corp prepares its annual budget based on the following data: Expected sales: 10,000 units Selling price per unit: $50 Variable cost per unit: $30

TechGear Corp prepares its annual budget based on the following data:

  • Expected sales: 10,000 units
  • Selling price per unit: $50
  • Variable cost per unit: $30
  • Fixed costs: $100,000 Calculate the budgeted operating income for the year. Later, actual results show that the company sold 12,000 units, with a selling price of $48 per unit and total variable costs of $330,000. Calculate the sales volume variance, sales price variance, and total variance for the year.

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