Oscar joyous has sales of 15000 units of its product at a, Ask an Expert

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Oscar Joyous has sales of 15,000 units of its product at a unit price of $7.50 Actual sales for the years were 14,100 units at $9.00 each. Variable costs were budgeted at $2.60 per unit, and actual variable costs were $2.70 per unit. Actual fixed costs of $46,000 exceeded budgeted fixed costs by $2,000.

Requirement

Prepare Root’s income statement performance report. What variance contributed most to the year’s favorable results? What caused this variance?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91347646

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