The Baldwin Company, in its master budget for 2022, predicted total sales of $160,000, variable costs of
Question:
The Baldwin Company, in its master budget for 2022, predicted total sales of $160,000, variable costs of $48,000, and fixed costs of $52,000 ($24,000 manufacturing and $28,000 nonmanufacturing). Actual sales revenue for 2022 turned out to be $180,000. Actual costs were as follows: variable, $54,000, and fixed, $50,000.
(1) What was the total master budget variance for 2022? (Round your answer to the nearest whole dollar.)
(2) Was this total variance favorable or unfavorable?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: