Question

Listed below is the budget and actual results. What is the contribution margin variance? Static Budget...

Listed below is the budget and actual results. What is the contribution margin variance?

Static Budget

Actual

Units sold

300

310

Sales

$6,000

$6,200

Variable expenses

$3,800

$3,900

Contribution margin

$2,200

$2,300

Fixed expenses

$700

$680

Operating income

$1,500

$1,620

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