The Alaska Fish Company completed the flexible budget analysis for the second quarter, which is given below. Units Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income/(Loss) Flexible Budget Sales Volume Actual Results Variance Flexible Budget Variance 12,840 0 12,840 1,040 F Static Budget 11,800 $62,700 $2,686 U $65,386 $5,296 F $60,090 27,580 72 U 27,508 $2,228 U 25,280 $35,120 $2,758 U $37,878 $3,068 F $34,810 34,290 280 U 34,010 $0 34,010 $830 $3,038 U $3,868 $3,068 F $800 Which of the following statements would be a correct factor to explain the sales volume variance for operating income? OA. increase in variable cost per unit OB. increase in sales volume OC. increase in fixed costs OD. decrease in sales price per unit

The Alaska Fish Company completed the flexible budget analysis for the second quarter, which is given below. Units Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income/(Loss) Flexible Budget Sales Volume Actual Results Variance Flexible Budget Variance 12,840 0 12,840 1,040 F Static Budget 11,800 $62,700 $2,686 U $65,386 $5,296 F $60,090 27,580 72 U 27,508 $2,228 U 25,280 $35,120 $2,758 U $37,878 $3,068 F $34,810 34,290 280 U 34,010 $0 34,010 $830 $3,038 U $3,868 $3,068 F $800 Which of the following statements would be a correct factor to explain the sales volume variance for operating income? OA. increase in variable cost per unit OB. increase in sales volume OC. increase in fixed costs OD. decrease in sales price per unit

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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