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In September, Numbers Incorporated sold 45,000 units of its only product for $394,000, and incurred...

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Accounting

In September, Numbers Incorporated sold 45,000 units of its only product for $394,000, and incurred a total cost of $365,000, of which $39,000 was fixed costs. The flexible budget for September showed total sales of $440,000. Among variances for the period were: total variable cost flexible-budget variance, $7,500U; total flexible-budget variance, $76,000U; and, sales volume variance, in terms of contribution margin, $41,000U.
The master budget operating income for September was:
A. $121,500.
B. $105,000.
C. $146,000.
D. $162,500.
E. $123,500.

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