The following static budget is provided: Per unit $70 Total $1,050,000 Sales Less variable costs: Manufacturing costs 30 450,000 Selling and administrative 20 300,000 costs $20 $300,000 Contribution margin Less fixed costs: 76,000 Manufacturing costs Selling and administrative 136,000 costs Total fixed costs 212,000 $ 88,000 Net income What will be the overall volume variance if 18,000 units are produced and sold? Multiple Choice $148,000 F $0 F $360,000 U $60,000 F
The following static budget is provided: Per unit $70 Total $1,050,000 Sales Less variable costs: Manufacturing costs 30 450,000 Selling and administrative 20 300,000 costs $20 $300,000 Contribution margin Less fixed costs: 76,000 Manufacturing costs Selling and administrative 136,000 costs Total fixed costs 212,000 $ 88,000 Net income What will be the overall volume variance if 18,000 units are produced and sold? Multiple Choice $148,000 F $0 F $360,000 U $60,000 F
Chapter7: Budgeting
Section: Chapter Questions
Problem 17EB: The production cost for UV protective sunglasses is $5.50 per unit and fixed costs are $19,400 per...
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