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thank you, will upvote and like The following four questions are based on this information for the Timberlake Company. Timberlake planned for a production and
thank you, will upvote and like
The following four questions are based on this information for the Timberlake Company. Timberlake planned for a production and sales volume of 12,000 units. However, the company actually made and sold 13,000 units with an average selling price of $63.95. Budget information follows: Based on the budget information above for Timberlake Company, what was the sales volume variance? $65,000, Favorable $65,000, Unfavorable $12,600, Favorable $12,600, Unfavorable Question 21 5 pts Based on the budget information above for Timberlake Company, what was the sales revenue flexible budget variance? $13,650, Favorable $13,650, Unfavorable $65,000, Favorable $65,000, Unfavorable Based on the budget information for Timberlake Company, what could explain the inconsistency, if any, between these two variances? The sales price was changed. The difference was not enough to trigger "management by exception" criteria. The larger volume of activity was not enough to compensate for the lower sales price. Fixed costs are not based on volume. Question 23 4 pts If actual fixed costs for Timberlake Company's manufacturing overhead was $105,000, what would the variance to the master budget be called? Non-volume variance Actual variance Flexible budget variance [Spending varianceStep by Step Solution
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