Question: please help me asap assignment due soon. no explanation is needed just an answer. will leave great review thank u Folsom Fashions sells a line



please help me asap assignment due soon. no explanation is needed just an answer. will leave great review thank u




Folsom Fashions sells a line of women's dresses. Folsom's performance report for November Year 1 follows. Actual Budget Dresses sold 5,000 6,000 Sales $235,000 $300,000 Variable costs 145,000 180,000 Contribution margin 90,000 120,000 Fixed costs 84,000 80,000 Operating income $6,000 $40,000 The company uses a flexible budget to analyze its performance and to measure the effect on operating income of the various factors affecting the difference between budgeted and actual operating income. The variable cost spending variance for November is: Multiple Choice O $5,000 favorable. O $5,000 unfavorable. O $4,000 favorable. O $4,000 unfavorable.Folsom Fashions sells a line of women's dresses. Folsom's performance report for November Year 1 follows. Actual Budget Dresses sold 5,000 6,000 Sales $235,000 $300,000 Variable costs 145,000 180,000 Contribution margin 90,000 120,000 Fixed costs 84,000 80,000 Operating income $6,000 $40,000 The company uses a flexible budget to analyze its performance and to measure the effect on operating income of the various factors affecting the difference between budgeted and actual operating income. The fixed cost spending variance for November is: Multiple Choice O $5,000 favorable. O $5,000 unfavorable. O $4,000 favorable. O $4,000 unfavorable.Folsom Fashions sells a line of women's dresses. Folsom's performance report for November follows. Actual Budget Dresses sold 5,000 6,000 Sales $235,000 $300,000 Variable costs 145,000 180,000 Contribution margin 90,000 120,000 Fixed costs 84,000 80,000 Operating income $6,000 $40,000 The company uses a flexible budget to analyze its performance and to measure the effect on operating income of the various factors affecting the difference between budgeted and actual operating income. The revenue variance for November is: Multiple Choice O $30,000 unfavorable. O $18,000 unfavorable. O $20,000 unfavorable. O $15,000 unfavorable.Which is the true statement regarding flexible budgets? Multiple Choice O They are designed to accommodate changes in the activity level. O They are budgets used to evaluate capacity utilization. O They are the same as planning budgets but are adjusted for inflation
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