124 the variable cost flexible budget variance for

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124.The variable cost flexible budget variance for November is:a. P5,000 Fc.P4,000 Fb. P5,000 Ud.P4,000 U
125.The fixed cost variance for November is:
126.The effect of the sales volume variance on the contribution margin for November is:
127.The sales price variance for November is:
128.Clear Plus, Inc. manufactures and sells boxes of pocket protectors. The static master budgetand the actual results for May 2014 are as follows:ActualStatic BudgetUnit sales12,00010,000SalesP132,000P100,000Variable costs of sales70,80060,000Contribution margin61,20040,000Fixed costs32,00030,000Operating incomeP29,200P10,000The operating income for Clear Plus, Inc. using a flexible budget for May 2014 is:a. P19,000c.P18,000b. P21,000d.P16,000
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Term
Summer
Professor
N/A
Tags
Cost Accounting, Direct material price variance

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