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Vika [28.1K]
3 years ago
14

The following information is available for the Gabriel Products Company for the month of July: Static Budget Actual Units 5,000

5,100 Sales revenue $60,000 $58,650 Variable manufacturing costs $15,000 $16,320 Fixed manufacturing costs $18,000 $17,000 Variable marketing and administrative expense $10,000 $10,500 Fixed marketing and administrative expense $12,000 $11,000 The total sales-volume variance for operating income for the month of July would be Group of answer choices $700 favorable $2,550 unfavorable $100 favorable $1,350 unfavorable
Business
1 answer:
adoni [48]3 years ago
5 0

Answer: $700 Favorable

Explanation:

Total sales-volume variance = (Actual units - Static budget units) * (Contribution margin per unit of Static budget)

Contribution margin per unit of Static budget = ( Sales - Variable manufacturing costs - Variable marketing and administrative expenses) / Static units  

= (60,000 - 15,000 - 10,000) / 5,000    

= $7 per unit

Sales-volume variance = (5,100 - 5,000) * 7

= $700 Favorable

Actual sales are higher than budgeted sales so this is FAVORABLE.

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It is important to note that the question requires The incremental manufacturing cost that the company will incur if it increases production from 10,500 to 10,501 units

From Production of 10500 units to 10501 units, there is an increment of 1 unit.

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