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Consider the following slide: Question 4-1.png   On this slide: Group of answer choices Sales, contribution and Net Margin are properly labelled as unfavorable Total Variable Costs are properly labelled as favorable Sales, contribution and Net Margin are improperly labelled as favorable Total Variable costs are improperly labelled as favorable

Consider the following slide: Question 4-1.png   On this slide: Group of answer choices Sales, contribution and Net Margin are properly labelled as unfavorable Total Variable Costs are properly labelled as favorable Sales, contribution and Net Margin are improperly labelled as favorable Total Variable costs are improperly labelled as favorable

FINANCIAL ACCOUNTING
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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 Consider the following slide:

Question 4-1.png  

On this slide:

Group of answer choices

Sales, contribution and Net Margin are properly labelled as unfavorable

Total Variable Costs are properly labelled as favorable

Sales, contribution and Net Margin are improperly labelled as favorable

Total Variable costs are improperly labelled as favorable

Forecast vs Actuals Previous Year (2028) Andrew's 2028 Andrew's 2028 Forecast Actual Variance +/- (Annual Growth) $ 303,810 $ 305,521 $1,711 F Sales Total Variable Costs $ 219,233 72.2% $ 220,059 72% $ 826 |-0.2% F Contribution Margin $ 84,955 28% $ 85,462 28% $ 507 0% $ 38,940 12.7% $ 38,914 12.7% $ 26 0.0% Period Costs Net Margin $ 45,233 14.9% $ 46,548 15.2% $ 1,315 0.3% F
Transcribed Image Text:Forecast vs Actuals Previous Year (2028) Andrew's 2028 Andrew's 2028 Forecast Actual Variance +/- (Annual Growth) $ 303,810 $ 305,521 $1,711 F Sales Total Variable Costs $ 219,233 72.2% $ 220,059 72% $ 826 |-0.2% F Contribution Margin $ 84,955 28% $ 85,462 28% $ 507 0% $ 38,940 12.7% $ 38,914 12.7% $ 26 0.0% Period Costs Net Margin $ 45,233 14.9% $ 46,548 15.2% $ 1,315 0.3% F
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