The following static budget is provided:Per unit$70Total$1,050,000SalesLess variable costs:Manufacturing costs30450,000Selling and administrative20300,000costs$20$300,000Contribution marginLess fixed costs:76,000Manufacturing costsSelling and administrative136,000costsTotal fixed costs212,000$ 88,000Net incomeWhat 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

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Asked Nov 26, 2019
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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
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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

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Overall volume variance (Budgeted quantity-Actual units produced)xContribution margin per unit
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Overall volume variance (Budgeted quantity-Actual units produced)xContribution margin per unit

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