Folsom Fashions sells a line of women’s dresses. Folsom’s performance report for November follows. The company uses a flexible budget to analyze its performance and to measure the effect on operating income of the various factors affecting the difference between budgeted and actual operating income. Actual Budget Dresses sold 5,000 6,000 Sales $235,000 $300,000 Variable costs (145,000) (180,000) Contribution margin (CM) 90,000 120,000 Fixed costs (84,000) (80,000) Operating income $ 6,000 $ 40,000 Folsom’s variable cost flexible budget variance for November is

Folsom Fashions sells a line of women’s dresses. Folsom’s performance report for November follows. The company uses a flexible budget to analyze its performance and to measure the effect on operating income of the various factors affecting the difference between budgeted and actual operating income. Actual Budget Dresses sold 5,000 6,000 Sales $235,000 $300,000 Variable costs (145,000) (180,000) Contribution margin (CM) 90,000 120,000 Fixed costs (84,000) (80,000) Operating income $ 6,000 $ 40,000 Folsom’s fixed cost variance for November is

Folsom Fashions sells a line of women’s dresses. Folsom’s performance report for November follows. The company uses a flexible budget to analyze its performance and to measure the effect on operating income of the various factors affecting the difference between budgeted and actual operating income. Actual Budget Dresses sold 5,000 6,000 Sales $235,000 $300,000 Variable costs (145,000) (180,000) Contribution margin (CM) 90,000 120,000 Fixed costs (84,000) (80,000) Operating income $ 6,000 $ 40,000 What additional information is needed for Folsom to calculate the dollar impact of a change in market share on operating income for November?

The following information is available for the Mitchelville Products Company for the month of July. Master Budget Actual Units 4,000 3,800 Sales revenue $60,000 $53,200 Variable manufacturing costs 16,000 19,000 Fixed manufacturing costs 15,000 16,000 Variable selling and administrative expense 8,000 7,600 Fixed selling and administrative expense 9,000 10,000 The contribution margin volume variance for the month of July would be

The following data are available for July: Budget Actual Sales 40,000 units 42,000 units Selling price $6 per unit $5.70 per unit Variable cost $3.50 per unit $3.40 per unit What is the sales quantity variance for July?