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Home Q & A Board Other Fields Homework Help Business Accounting
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LiChan LiChan
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7 years ago
The following was provided for Staplers, Inc.:

   Budget   Actual
   Sales   $ 423,000   $ 432,000
   Cost of goods sold       253,800   267,840
   Gross profit   169,200   164,160
   Selling and administrative       126,900   120,960
   Net income   42,300   43,200
What is the net income variance?
A) $9,900 favorable.
B) $   900 favorable.
C) $   900 unfavorable.
D) $9,900 unfavorable.
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
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hol23hol23
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7 years ago
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LiChan Author
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#2
7 years ago
Was looking for this exact answer, thanks
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