Chapter 10, Problem 25E

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Financial Accounting

Direct labor costs related to production are:

Financial Accounting

General Accounting Question please solve

Platz Company makes chairs and planned to sell 4,100 chairs in its master budget for the coming year. The budgeted selling price is $36 per chair, variable costs are $17 per chair, and budgeted fixed costs are $45,000 per month. At the end of the year, it was determined that Platz actually sold 4,400 chairs for $145,700. Total variable costs were $50,375 and fixed costs were $38,000. The volume variance for sales revenue was: a. $14,500 unfavorable b. $11,200 favorable c. $10,800 favorable d. $12,700 favorable

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