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The following information was drawn from the accounting records of Ashton Company. Budgeted Actual Sales $ 6,500 $ 8,100 Cost of Goods Sold (3,600 )

The following information was drawn from the accounting records of Ashton Company. Budgeted Actual Sales $ 6,500 $ 8,100 Cost of Goods Sold (3,600 ) (4,500 ) Gross Margin 2,900 3,600 Variable Cost (1,300 ) (1,650 ) Fixed Cost (1,100 ) (850 ) Net Income $ 500 $ 1,100 Based on this information Ashton Company has a

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Multiple Choice $350 favorable variable operating cost variance $350 unfavorable variable operating cost variance $250 favorable variable operating cost variance $250 unfavorable variable operating cost variance

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