1) Folsom Fashions sells a line of women’s dresses. Folsom’s actual results and static budget for...

Question

1)	Folsom Fashions sells a line of women’s dresses. Folsom’s actual results and static budget for January 2011 are as follows: (8 points). 
 Actual results Static Budget
Dresses sold $5,000 $6,000
Sales $235,000 $300,000
Variable costs $145,000 $180,000
Contribution Margin $90,000 $120,000
Fixed Costs $84,000 $80,000
Operating Income $ 6,000 $40,000

Compute for January 2011:
a)	Sales price variance
b)	Sales volume variance

Robert · Accepted Answer

1) Folsom Fashions sells a line of women’s dresses. Folsom’s actual results 
and static budget for January 2011 are as follows: (8 points). ##########
    Actual results########## Static Budget  
Dresses sold    5,000      6,000  
Sales     $235,000     $300,000  
Variable costs   $145,

1) Folsom Fashions sells a line of women’s dresses. Folsom’s actual results and static budget for January 2011 are as follows: (8 points). Actual results Static Budget Dresses sold $5,000 $6,000 Sales...

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