The static budget, at the beginning of the month, for Onyx Dcor Company, follows: Static...

90.2K

Verified Solution

Question

Accounting

The static budget, at the beginning of the month, for Onyx Dcor Company, follows:

Static budget:

Sales volume: 1,100 units; Sales price: $70.00 per unit

Variable costs: $32.00 per unit; Fixed costs: $38,000 per month

Operating income: $3,800

Actual results, at the end of the month, follows:

Actual results:

Sales volume: 980 units; Sales price: $75.00 per unit

Variable costs: $35.00 per unit; Fixed costs: $34,200 per month

Operating income: $5,000

Calculate the flexible budget variance and sales volume variance.

A. $5760 F and $4560 U

B. $4240 U and $3040 F

C. $4240 F and $3040 U

D. $5760 U and $4560 F

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students