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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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