Chapter $8$ Quick Check

Oct $4-$Oct $7$

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

Static budget:

Sales volume: $2100$ units; Sales price: $$52\mathrm{.}00$ per unit Variable costs: $$12\mathrm{.}00$ per unit; Fixed costs: $$26,500$ per month Operating income: $$57,500$

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

Actual results:

Sales volume: $1900$ units; Sales price: $$58\mathrm{.}00$ per unit Variable costs: $$17\mathrm{.}00$ per unit; Fixed cost: $$37,000$ per month Operating income: $$40,900$

Calculate the sales volume variance for operating income. Show all calculations!

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