A company has the following standard cost card for a product: £ Selling price 2.50 Variable costs 1.95 Fixed cost 0.15 The original budget was to make and sell 110,000, but in fact 125,000 were produced and 120,000 sold for total revenue of £295,000. Which of the following are the correct variances? Sales volume Sales price A 4,000 F 5,000 A B 4,000 F 5,000 F C 25,000 F 20,000 A D 25,000 F 20,000 F

A company has the following standard cost card for a product: £ Selling price 2.50 Variable costs 1.95 Fixed cost 0.15 The original budget was to make and sell 110,000, but in fact 125,000 were produced and 120,000 sold for total revenue of £295,000. Which of the following are the correct variances? Sales volume Sales price A 4,000 F 5,000 A B 4,000 F 5,000 F C 25,000 F 20,000 A D 25,000 F 20,000 F

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter18: Pricing And Profitability Analysis

Section: Chapter Questions

Problem 25E: Jasmine Companys expected sales were 2,000 units at 100 per unit. During 20x1, it had actual sales...

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