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1) Folsom Fashions sells a line of women’s dresses. Folsom’s actual results and static budget for January 2011 are as follows: (8 points). Actual results Static Budget Dresses sold $5,000 $6,000 Sales $235,000 $300,000 Variable costs $145,000 $180,000 Contribution Margin $90,000 $120,000 Fixed Costs $84,000 $80,000 Operating Income $ 6,000 $40,000 Compute for January 2011: a) Sales price variance b) Sales volume variance

READ ALSO : The scientific method allows us to pose questions, test questions, and analyze results. Ethics is always inclusive of research, as we must protect participants and be aware of appropriate methods for obtaining information. Through observation and research we begin to understand the world around us. Consider research you have read about or been a part of: Was the Scientific method followed? How? What ethical considerations are important to research?