Jackson has the following flexible budget

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Description

Jackson has the following flexible budget:

Actual Budget

Sales (Units)- 10,000 11,000

Sales Revenue- $400,000 $505,000

Variable Costs- ($195,000) (275,000)

Contribution Margin- $205,000 $230,000

Fixed Costs- ($126,000) (122,000)

Net Operating Income- $79,000 $108,000

Compute the Sales Price Variance.

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