Determine the sales-volume variance, Financial Accounting

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Determine the sales-volume variance

Problem

Aquamarine Tulip is the owner of Tulip Thai Restaurant. At the beginning of the year, she predicted the annual operating income to be $400,000. By the end of the year, she calculated the flexible budget for operating income to be $410,000. Determine the sales-volume variance. Indicate whether the variance is favourable or unfavourable.

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Financial Accounting: Determine the sales-volume variance

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