The total number of budgeted units reflected in the master budget for September was:

a) 50000 units

b)36000 units

c) 40000 units

d) 45000 units

e) 48000 units

Which equation correctly calculates the total weighted average equivalent units of production?

a) completed and transferred out units + ending WIP equivalent units

b) ending WIP equivalent units - completed and transferred out units

c) completed and transferred out units + Beginning WIP equivalent units

d) beginning WIP equivalent units - Completed and transferred out units

e) ending WIP equivalent units + beginning WIP equivalent units

In September, Larson Inc. sold 40,000 units of its only product for $240,000 and incurred a total cost of $225,000, of which $25,000 is fixed costs. The flexible budget for September showed total sales of $300,000. Among variances of the period were: total variable cost flexible-budget variance, $8,000U; total flexible-budget variance, $63,000U; and, sales volume variance, in terms of contribution margin, $27,000U