A company uses standard marginal costing. Its budgeted contribution for the last month was $$\$ 20,000$$. The actual contribution for the month was $$\$ 15,000$$, and the following variances have been calculated:
Sales volume contribution variance $$\quad \$ 5,000$$ adverse
Sales price variance $$\$ 9,000$$ favourable
Fixed overhead expenditure variance $$\$ 3,000$$ favourable
What was the total variable cost variance?
- $$\$ 9,000$$ adverse
- $$\$ 9,000$$ favourable
- $$\$ 12,000$$ adverse
- $$\$ 12,000$$ favourable