Based on the attached image, what is the company's sales-volume variance? Great Products has the following information for the year just ended:Sales in unitsSalesLess: Variable expensesContribution marginLess: Fixed expensesOperating incomeBudget15.000$150.00090.000$ 60,00035.000$25.000Actual14.000$147,00082.600$ 64,40040.000$24.400

Introduction: Sales volume variance is calculated by following formula: Sales-volume variance =…

Answered: Based on the attached image, what is…

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Based on the attached image, what is the company's sales-volume variance?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 29E

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Question

Based on the attached image, what is the company's sales-volume variance?

Great Products has the following information for the year just ended:
Sales in units
Sales
Less: Variable expenses
Contribution margin
Less: Fixed expenses
Operating income
Budget
15.000
$150.000
90.000
$ 60,000
35.000
$25.000
Actual
14.000
$147,000
82.600
$ 64,400
40.000
$24.400

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H1.
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