In September, Numbers Incorporated sold 40,000 units of its only product for $361,000, and incurred a total cost of $335,000, of which $36,000 was fixed costs. The flexible budget for September showed total sales of $410,000. Among variances of the period were: total variable cost flexible-budget variance, $9,000U; total flexible-budget variance, $70,000U; and, sales volume variance, in terms of contribution margin, $38,000U. The sales volume variance, in terms of operating income for September was

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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In September, Numbers Incorporated sold 40,000 units of its only product for $361,000, and incurred a total cost of $335,000, of which $36,000 was fixed costs.
The flexible budget for September showed total sales of $410,000. Among variances of the period were: total variable cost flexible-budget variance, $9,000U; total
flexible-budget variance, $70,000U; and, sales volume variance, in terms of contribution margin, $38,000U.
The sales volume variance, in terms of operating income, for September was:
Multiple Choice
О
$122,000 unfavorable.
$87,000 unfavorable.
O
$21,000 unfavorable.
$32,000 unfavorable.
Transcribed Image Text:In September, Numbers Incorporated sold 40,000 units of its only product for $361,000, and incurred a total cost of $335,000, of which $36,000 was fixed costs. The flexible budget for September showed total sales of $410,000. Among variances of the period were: total variable cost flexible-budget variance, $9,000U; total flexible-budget variance, $70,000U; and, sales volume variance, in terms of contribution margin, $38,000U. The sales volume variance, in terms of operating income, for September was: Multiple Choice О $122,000 unfavorable. $87,000 unfavorable. O $21,000 unfavorable. $32,000 unfavorable.
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