The following information was drawn from the accounting records of Ashton Company. Budgeted Actual Sales $ 5,000 $ 6,000 Cost of Goods Sold (3,000 ) (3,600 ) Gross Margin 2,000 2,400 Variable Cost (1,000 ) (1,200 ) Fixed Cost (500 ) (400 ) Net Income $ 500 $ 800 Based on this information Ashton Company has a
a. $200 favorable fixed operating cost variance
b. $200 unfavorable fixed operating cost variance
c. $100 favorable fixed operating cost variance
d. $100 unfavorable fixed operating cost variance.
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The following information was drawn from the accounting records of Ashton Company. Budgeted Actual S...
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