CoursHeroTranscribedText: Robinson Company has two products, A and B. Robinson's budget for August follows: Master...
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CoursHeroTranscribedText: Robinson Company has two products, A and B. Robinson's budget for August follows: Master Budget Product A Sales Product B $240, 000 $360, 000 Variable cost 140, 000 240, 000 Contribution margin $100, 000 $120, 000 Fixed cost 80, 000 60, 000 Operating income $ 20, 000 $ 60, 000 Selling price 120 60 On September 1, these operating results for August were reported: Operating Results Product A Product B Sales $133, 875 $447 , 950 Variable cost 82, 875 310, 675 Contribution margin $ 51, 000 $137, 275 Fixed cost 80, 000 60, 000 Operating income $ (29, 000) $ 77, 275 Units sold 1, 275 7, 225 Required: 1. For each product, determine the following variances measured in dollars of contribution margi Product A Product B Flexible-budget variance Unfavorable Unfavorable Sales volume variance Unfavorable Favorable Sales quantity variance Favorable Favorable Sales mix variance Unfavorable Favorable
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