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Lori and Production Co, manufactures two types of products - Product A and Product B.The...

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Accounting

Lori and Production Co, manufactures two types of products - Product A and Product B.The actual operating income for the year was $4,600 below the budgeted operating income.You have been asked to analyze the sales volume variances based on the following information : please see picture

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CoursHeroTranscribedText: Budget Budget Budget Actual Actual Actual Product A Product B Total Product A Product B Total Unit selling price $20.00 $30.00 $21.00 $32.00 Variable costs: Manufacturing $11.00 $18.00 $12.00 $20.00 Marketing $1.00 $1.00 $1.10 $1.10 Fixed costs: Manufacturing $34,500 $36,000 Marketing $40,000 $44,000 Sales volume 9,000 6,500 10,000 6,000 (units) Industry sales 77,500 64,000 volume (units)

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