Solution-What was the variable cost variance

What was the variable cost variance

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Reference no: EM133052901

Question - The following budgeted and actual income statements have been prepared for 2008 for WRL Company:

	Actual (20,000 units)	Budgeted (19,000 units)
Sales	$480,000	$494,000
Variable costs	390,000	380,000
Contribution margin	$90,000	$114,000
Fixed costs	92,000	85,000
Net income (loss)	$(2,000)	$29,000

Required -

1. What was the selling price variance based on 2008 results?

2. What was the sales activity variance based on 2008 results?

3. What was the variable cost variance for 2008?

Reference no: EM133052901

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What was the variable cost variance

Reference no: EM133052901

Reference no: EM133052901

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