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Timberlake Company planned for a production and sales volume of 12,000 units. However, the company actually made and sold 13,000 units. Per unit Static Flexible
Timberlake Company planned for a production and sales volume of 12,000 units. However, the company actually made and sold 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: Materials $11.00 132,000 143,000 Labor $ 9.00 108,000 117,000 Overhead $ 4.20 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 100,800 100,800 General, selling, and administrative costs 45,000 45,000 Net income $211,800 $241,600 What was the total variable cost volume variance? Multiple Choice $29,800 unfavorable $35,200 favorable $35,200 unfavorable $29,800 favorable
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