Question: Using the following information, compute Activity Variance. Revenue Variable costs Contribution margin Fixed costs Profit Master Budget Flexible budget | Actual Results $50,000 $53,000 $52,000

Using the following information, compute Activity Variance. Revenue Variable costs Contribution

Using the following information, compute Activity Variance. Revenue Variable costs Contribution margin Fixed costs Profit Master Budget Flexible budget | Actual Results $50,000 $53,000 $52,000 $20,000 $22,000 $21,500 $30,000 $31,000 $30,500 $7,000 $7,000 $6,000 $23,000 $24,000 $24,500 $1,000 Favorable O $1,000 Unfavorable $1,500 Unfavorable $1,500 Favorable

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