Question: Solve this image problem Timberlake Company planned for a production and sales volume of 12,000 units. However, the company actually made and sold 13,000 units.

Solve this image problem

Timberlake Company planned for a production and sales volume of 12,000 units. However, the company actually made and sold 13,000 units. Per unit standards Static Budget Flexible Budget Number of units 12,000 13,000 Sales revenue $ 65.00 $780,000 $$ 845,000 Variable manufacturing costs: Materials $ 11.00 132,000 143,000 Labor $ 9.00 108,000 117,000 Overhead $ 4.20 50,400 54,600 Variable general, selling, and administrative costs $ 11.00 132,000 143,000 Contribution margin 357,600 387,400 Fixed costs Manufacturing overhead 100,800 100,800 General, selling, and administrative costs 45,000 45,000 Net income $211,800 $$ 241,600 What was the sales volume variance? $65,000 unfavorable ) $29,800 unfavorable () $65,000 favorable @ $29,800 favorable

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!