A company has the following information for one of its products:   Standard per item (£) Actual per item (£) Selling price 20 22 Material 6 8 Labour 3 4 Variable overhead 2 4   It budgeted to sell 1,000 units but actually sold 100 less than this.   What is the sales volume variance?   A £900 F B £2,000 F C £2,000 A D £900 A

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A: The objective of the question is to calculate the sales revenue necessary for Bolton Inc. to earn a…

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A: Formula: Break even sales dollars = Fixed cost / contribution margin ratio

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