COST ACCOUNTING
STANDARD COSTING AND VARIANCE ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The standard selling price of product Y is $34 per unit and the standard variable cost is $20 per unit. Budgeted sales volume is 45, 000 units each period. Last period a total of 46, 000 units were sold and the revenue achieved was $1, 495, 000.The sales volume contribution variance for the period was $
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69, 000 Adverse
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14, 000 Favorable
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69, 000 Favorable
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14, 000 Adverse
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Explanation:
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