Answer:
Explanation:
Master Flexible budgets Volume variance
Budget
Number of units 35,000 34,000 36,000
Sales revenue 1288000 1251200 1324800 36800 F
Variable manufacturing costs
material cost 311500 302600 320400 8900 U
labor cost 147000 142800 151200 4200 U
overhead cost 213500 207400 219600 6100 U
selling,general & administrative cost 217000 210800 223200 6200 U
contribution margin 399000 387600 410400 11400 U
fixed costs
manufacturing overhead 132000 132000 132000 0 N
selling,general & administrative cost 52,000 52,000 52,000 0 N
net operating income 215,000 203,600 226,400 11400 F