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The Maine Oyster Company completed the flexible budget analysis for the second quarter, which is ...

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The Maine Oyster Company completed the flexible budget analysis for the second quarter, which is ...

The Maine Oyster Company completed the flexible budget analysis for the second quarter, which is given below.

   Actual Results   Flexible Budget Variance      Flexible Budget   Sales Volume Variance      Static Budget
Units   12,820   0      12,820   820   F   12,000
Sales Revenue   $62,740   $1,300   U   $64,040   $3,950   F   $60,090
Variable Costs   27,540   620   U   26,920   $1,620   U   25,300
Contribution Margin   $35,200   $1,920   U   $37,120   $2,330   F   $34,790
Fixed Costs   34,240   230   U   34,010   $0      34,010
Operating Income/(Loss)   $960   $2,150   U   $3,110   $2,330   F   $780

Which of the following statements would be a correct analysis of the flexible budget variance for sales revenue?
A) increase in fixed costs
B) increase in variable cost per unit
C) decrease in sales price per unit
D) increase in sales volume

Textbook

Horngren's Financial & Managerial Accounting, The Financial Chapters

Edition: 5^th

Authors: Miller-Nobles, Mattison, Matsumura

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