The following summary data has been made available by a company which makes a single product: Fixed
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Question:
The following summary data has been made available by a company which makes a single product:
Fixed budgeted data
Sales quantity 15,000 units
Selling price £210
Unit variable cost £60
Fixed costs £195,000
Actual data
Sales quantity 22,000 units
Selling price £190
Unit variable cost £90
Fixed cost £210,000
What is the sales volume contribution margin variance?
A) £1,050,000 (F)
B) £1,050,000 (A)
C) £65,000 (F)
D) £65,000 (A)
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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