The static budget, at the beginning of the month, for Assembly Furniture Company follows:

Static budget:

Sales volume: 1,100 units; Sales price: $71.00 per unit

Variable costs: $33.00 per unit; Fixed costs: $36,400 per month

Operating income: $5,400

Actual results, at the end of the month, follows:

Actual results:

Sales volume: 980 units; Sales price: $75.00 per unit

Variable costs: $36.00 per unit; Fixed costs: $33,500 per month

Operating income: $4,720

Calculate the sales volume variance for fixed costs.

Answer rating: 100% (QA)

Contribution per unit Selling price per unit Variable ... View the full answer