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Find the amount of operating income in the flexible budget

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Question - In September, Larson Inc. sold 40,000 units of its only product for $262,000, and incurred a total cost of $245,000, of which $27,000 was fixed costs. The flexible budget for September showed total sales of $320,000. Among variances of the period were: total variable cost flexible-budget variance, $6,000U; total flexible-budget variance, $67,000U; and, sales volume variance, in terms of contribution margin, $29,000U. Find the amount of operating income in the flexible budget (FB) for September?

Reference no: EM133015763

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