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The following information was drawn from the accounting records of Ashton Company. Budgeted Actual Sales $ 5,000 $ 6,000 Cost of Goods Sold (3,000) (3,600)

The following information was drawn from the accounting records of Ashton Company.

Budgeted

Actual

Sales $ 5,000 $ 6,000
Cost of Goods Sold (3,000) (3,600)
Gross Margin 2,000 2,400
Variable Cost (1,000) (1,200)
Fixed Cost (500) (400)
Net Income $ 500 $ 800

Based on this information Ashton Company has a

$200 favorable variable operating cost variance

$200 unfavorable variable operating cost variance

$100 favorable variable operating cost variance

$100 unfavorable variable operating cost variance

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