The following Information was drawn from the accounting records of Smith Company Sales Cost of...
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Accounting
The following Information was drawn from the accounting records of Smith Company Sales Cost of Goods Sold Gross Margin Variable Cost Fixed cost Net Income Static Budget $10,500 (6,100) 4,400 (2,100) (1, 100) $ 1,200 Flexible Budget $13,000 17,400) 5,600 (2,550) (1,100) $ 1,950 Actual Results $13,900 (6,950) 6,950 (2,850) (1,400) $ 2,700 Based on this information the Multiple Choice sales price flexible budget variance is a $3,400 unfavorable variance. sales price flexible budget variance is a $900 favorable variance. sales price flexible budget variance is a $3.400 favorable variance. sales price flexible budget variance is a $2,500 favorable variance
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