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What impact did shortfall in volume have on profitability

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Hapman, Inc., sells a single product, Zud, which has a budgeted selling price of $42 per unit and a budgeted variable cost of $30 per unit. Budgeted fixed costs for the year amount to $54,000. Actual sales volume for the year (65,000) fell 12,000 units short of budgeted sales volume. Actual fixed costs were $55,000. With everything else held constant, what impact did the shortfall in volume have on profitability for the year?

Reference no: EM131763844

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