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
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Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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Chapter10: Forecasting Financial Statement
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Calculate the sales volume variance 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
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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