Mead Corporation has prepared a fixed budget based on 6,000 units. Their budgeted per unit selling price is $100, variab

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Mead Corporation has prepared a fixed budget based on 6,000 units. Their budgeted per unit selling price is $100, variab

Post by answerhappygod »

Mead Corporation has prepared a fixed budget based on 6,000units. Their budgeted per unit selling price is $100, variablecosts are $75 per unit, and fixed costs are $20,000. If actualsales activity was 5,000 units with revenue of $550,000, what isthe sales variance shown on a fixed budget performancereport?
multiple choice
$50,000 Unfavorable
$50,000
$50,000 Favorable
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”