Question
The Step Company has the following information for the year just ended: Budget Actual Sales in units 16,200 15,000 Sales $ 162,000 $ 157,500 Less:
The Step Company has the following information for the year just ended:
| Budget | Actual | ||||||
| Sales in units | 16,200 | 15,000 | |||||
| Sales | $ | 162,000 | $ | 157,500 | |||
| Less: Variable Expenses | 97,200 | 88,500 | |||||
| Contribution Margin | $ | 64,800 | $ | 69,000 | |||
| Less: Fixed Expenses | 38,000 | 43,800 | |||||
| Operating Income | $ | 26,800 | $ | 25,200 | |||
The Step Company's sales-price variance is:
Multiple Choice
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$4,500 unfavorable.
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$7,500 unfavorable.
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$7,500 favorable.
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$9,450 unfavorable.
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$9,450 favorable.
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Payroll Accounting 2022
Authors: Bernard J. Bieg, Judith A. Toland
32nd Edition
0357518756, 9780357518755
