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What impact did shortfall in volume have on profitability

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Question - Chapman Incorporated sells a single product, Zud, which has a budgeted selling price of $28 per unit and a budgeted variable cost of $16 per unit. Budgeted fixed costs for the year amount to $47,000. Actual sales volume for the year (51,000 units) fell 5,000 units short of budgeted sales volume. Actual fixed costs were $48,000. With everything else held constant, what impact did the shortfall in volume have on profitability for the year?

Reference no: EM133058065

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