A company produces 3 products with the following budget information available: A B C Sales GH₵14 GH₵15 GH₵18 Standard full cost GH₵10 GH₵10 GH₵13 Budget Production 10,000 units 13,000 units 9,000 units The actual sales price and production were: A B C Sales price GH₵14.5 GH₵15.15 GH₵19.00 Budget production 9,500units 13,500units 8,500units You are required to calculate: The sales price variance. The sales volume profit variance. The sales mix variance profit.
A company produces 3 products with the following budget information available:
A B C
Sales GH₵14 GH₵15 GH₵18
Budget Production 10,000 units 13,000 units 9,000 units
The actual sales price and production were:
A B C
Sales price GH₵14.5 GH₵15.15 GH₵19.00
Budget production 9,500units 13,500units 8,500units
You are required to calculate:
- The sales price variance.
- The sales volume profit variance.
- The sales mix variance profit.
- The sales quantity profit volume variance.
Step by step
Solved in 5 steps