The Following Information Is Available for Adam Ltd The Variable Expense Variance Is:
A)$22,000 U
B)$33,500 U
C)$16,000

question 1

Multiple Choice

The following information is available for Adam Ltd $\begin{array}{|l|r|r|r|}\hline &{\text { Budget }} &{\text { Actual }} &{\text { Variance }} \\\hline \text { Sales units } & 7,500 & 8,000 & 500 \mathrm{~F} \\\hline \text { Sales dollars } & \$ 375,000 & \$ 376,000 & \$ 1000 \mathrm{~F} \\\hline \text { Variable Expenses } & \$ 262,500 & \$ 296,000 & \$ 33,500 \mathrm{U} \\\hline \text { Contribution margin } & \$ 112,500 & \$ 80,000 & \$ 35,000 \mathrm{U} \\\hline\end{array}$ The variable expense variance is:

• A)$22,000 U
• B)$33,500 U
• C)$16,000 U
• D)$22,500 F

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