Clark manufactures cardboard boxes. The relevant range of activity is from 30 to 45 units. Clark has shared the most recent performance report as follows: Master Budget Sales Volume Variance Flexible budget Income Statement Flexible Budget Variance units 50 45 Sales $350 $8F Variable costs $250 $232 Contribution margin Fixed costs $40 -0- $36 $4F Operating income $50 $5F Fill in all of the empty spaces. Indicate F (favorable) or U (unfavorable) where appropriate. Was the company effective? Support with numbers.___________________________________ Was the company efficient? Support with numbers.____________________________________

Answer rating: 100% (QA)

Analysis of Clarks Performance 1 Sales Volume Variance Formula Sales Volume Variance Actual Units Budgeted Units Standard Unit Contribution Margin Cal... View the full answer