The Leonid Company master budget, which was based on planned activity of 42,000 units, resulted in a
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The Leonid Company master budget, which was based on planned activity of 42,000 units, resulted in a profit of $140,000. The company's flexible budget, which was based on actual activity of 40,000 units, resulted in a profit of $136,000. Actual profits, which resulted from the actual activity of 40,000 units, were $139,000. What was the company's sales activity (or sales volume) variance?
Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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