Abdul Soda has provided the following data for the year 20X9: Category Actual Sales Data 1,200 units @ $480 each Budgeted Sales Volume 1,100 units Standard Selling Price $500 per unit Budgeted Contribution per Unit $220 Budgeted Profit per Unit $180 Required: Calculate the Sales Volume Variance (under absorption and marginal costing) and the Sales Price Variance
Abdul Soda has provided the following data for the year 20X9: Category Actual Sales Data 1,200 units @ $480 each Budgeted Sales Volume 1,100 units Standard Selling Price $500 per unit Budgeted Contribution per Unit $220 Budgeted Profit per Unit $180 Required: Calculate the Sales Volume Variance (under absorption and marginal costing) and the Sales Price Variance
Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter10: Forecasting Financial Statement
Section: Chapter Questions
Problem 12PC
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Question
Calculate the sales volume variance and the sales price variance

Transcribed Image Text:Abdul Soda has provided the following data for the year 20X9:
Category
Actual Sales
Data
1,200 units @ $480 each
Budgeted Sales Volume
1,100 units
Standard Selling Price
$500 per unit
Budgeted Contribution per Unit $220
Budgeted Profit per Unit
$180
Required:
Calculate the Sales Volume Variance (under absorption and marginal costing) and the
Sales Price Variance
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