The following static budget is provided:
Per unit Total
Sales $80 $880,000
Less variable costs:
Manufacturing costs 40 440,000
Selling and administrative costs 20 220,000
Contribution margin $20 $ 220,000
Less fixed costs:
Manufacturing costs 79,000
Selling and administrative costs 100,000
Total fixed costs 179,000
Net income $ 41,000
What will be the overall volume variance if 14,000 units are produced and sold?
$280,000 U
$101,000 F
$60,000 F
$0 F