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Sales volume variance analysis: master vs flexible budget

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Sales volume variance analysis:

Lions Company prepared a budget last period with budgeted sales of 55,000 units at a price of $75 each. Variable costs were budgeted to be #10 per unit. Fixed costs were budgeted to be $2,000,000 for the period. During the period, actual sales totaled 58,000 units.

Prepare a variance report to show the difference between the master budget and the flexible budget.

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The solution performs sales volume variance analysis: master vs flexible budget for Lions Company.

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