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Timberlake Company planned for a production and sales volume of 12,000 units. However, the company actually makes and sells 13,000 units. Per unit Static

Timberlake Company planned for a production and sales volume of 12,000 units. However, the company actually makes and sells 13,000 units Per unit standards Static Budget Flexible Budget Number of units Sales revenue Variable manufacturing costs: 12,000 13,000 $65.00 $780,000 $845,000 Materials Labor Overhead Variable general, selling, and $11.00 9.00 4.20 132,000 108,000 50,400 143,000 117,000 54,600 132,000 $357,600 143,000 $387,400 administrative costs $11.00 Contribution margin Fixed costs Manufacturing overhead General, selling, and administrative 100,800 100,800 45,000 $211,800 45,000 $241,600 costs Net income What was the sales volume variance?  

Timberlake Company planned for a production and sales volume of 12,000 units. However, the company actually makes and sells 13,000 units. Per unit Static Flexible standards Budget Budget Number of units 12,000 13,000 Sales revenue $65.00 $780,000 $845,000 Variable manufacturing costs: $11.00 $ 9.00 $ 4.20 143,000 117,000 Materials 132,000 Labor 108,000 Overhead 50,400 54,600 Variable general, selling, and administrative costs $11.00 132,000 143,000 Contribution margin $357,600 $387,400 Fixed costs Manufacturing overhead General, selling, and administrative 100,800 100,800 costs 45,000 45,000 Net income $211,800 $241,600 What was the sales volume variance? Multiple Choice $65,000 unfavorable $65,000 favorable $29,800 unfavorable $29,800 favorable

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