Mead Corporation has prepared a fixed budget based on 6,000 units. Their budgeted per unit selling price is $100, variab
Posted: Fri Jul 01, 2022 8:25 am
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
multiple choice
$50,000 Unfavorable
$50,000
$50,000 Favorable