Abernathy Corporation used the following data to evaluate their current operating system. The company sells items for $10 each and used a budgeted selling price of $10 per unit.Actual92,000 units$450,800$95,000Budgeted90,000 units$432,000$100,000Units SoldVariable CostsFixed CostsWhat is the total operating income variance?$6,200 favorable$6,200 unfavorable$3,800 unfavorable$3,800 favorable

Formula: Net operating income = Revenues - Variable costs - Fixed costs

Abernathy Corporation used the following data to evaluate their current operating system. The company sells items for $10 each and used a budgeted selling price of Actual Budgeted Units Sold 92,000 units 90,000 units Variable Costs $450,800 $432,000 Fixed Costs $95,000 $100,000 What is the total operating income variance? O $6,200 favorable O $6,200 unfavorable O $3,800 unfavorable

Abernathy Corporation used the following data to evaluate their current operating system. The company sells items for $10 each and used a budgeted selling price of Actual Budgeted Units Sold 92,000 units 90,000 units Variable Costs $450,800 $432,000 Fixed Costs $95,000 $100,000 What is the total operating income variance? O $6,200 favorable O $6,200 unfavorable O $3,800 unfavorable

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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