J. Peterman Co. actual results and planning budget for the month of September are below: Actual Results Planning (Static) Budget 9,000 Units sold (q) Sales ($25g) Variable costs ($18q) Fixed costs ($_______ Net operating income What is the variable cost activity variance for the month of September? $18,000 Favorable $18,000 Unfavorable O $5,000 Favorable $5,000 Unfavorable 10,000 $235,000 $175,000 $35.000 $25,000 $225,000 $162,000 $40,000 $23,000

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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7.

J. Peterman Co. actual results and planning budget for the month of September are below:
Actual Results
Planning (Static) Budget
10,000
9,000
$235,000
$225,000
$175,000
$162,000
$35,000
$40,000
$25,000
$23,000
Units sold (q)
Sales ($25g)
Variable costs ($18q)
Fixed costs ($
_)
Net operating income
What is the variable cost activity variance for the month of September?
$18,000 Favorable
$18,000 Unfavorable
$5,000 Favorable
$5,000 Unfavorable
Transcribed Image Text:J. Peterman Co. actual results and planning budget for the month of September are below: Actual Results Planning (Static) Budget 10,000 9,000 $235,000 $225,000 $175,000 $162,000 $35,000 $40,000 $25,000 $23,000 Units sold (q) Sales ($25g) Variable costs ($18q) Fixed costs ($ _) Net operating income What is the variable cost activity variance for the month of September? $18,000 Favorable $18,000 Unfavorable $5,000 Favorable $5,000 Unfavorable
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