Lander Corporation used the following data to evaluate its current operating system. The company sells items for
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Lander Corporation used the following data to evaluate its current operating system. The company sells items for $18 each and used a budgeted sales price of $18 per unit.
Actual | budgeted | |
units sold | 41,000 units | 40,000 units |
Variable costs | $164,000 | $156,000 |
Fixed costs | $46,000 | $48,000 |
What is the staticminus−budget variance of variable costs?
Related Book For
Intermediate Accounting
ISBN: 978-1119048541
11th Canadian edition Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
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