Essay
The following data are for the month of January for the Soloway Company.Assume the cost driver is the number of units sold.
Static budget data:
Sales of 9,000 pairs at $90 per pair
Variable costs of $69 per pair
Total fixed costs $108,000
Actual results:
Sales of 9,600 pairs at $87 per pair
Variable costs of $72 per pair
Total fixed costs $109,200
Required:
A) What is the static budget operating income?
B) What is the sales activity variance for operating income?
C) What is the flexible budget variance for operating income?
Correct Answer:
Verified
A)$81,000
B)$12,600...View Answer
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Correct Answer:
Verified
A)$81,000B)$12,600...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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