Actual variable costs equaled the flexible budget variable costs. How much was Novak's sales mix variance this year? How much was the company's sales quantity variance? Sales mix variance Sales quantity variance 400 2340 Unfavorable Unfavorable

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Novak is the primary provider of spirit apparel for many high schools. Management has been evaluating two of its key products for
changes in selling price and sales volume in comparison to expectation: the quarter-zip jacket and the hooded sweatshirt. Novak's
expectations and actual results were as follows.
Quarter-zip
Sweatshirt
Budgeted Sales
Volume
Sales mix variance
460
540
Sales quantity variance
Actual Sales
Volume
$
520
480
Budgeted
Selling Price
$44
$51
Actual variable costs equaled the flexible budget variable costs. How much was Novak's sales mix variance this year? How much was
the company's sales quantity variance?
400
Actual
Selling Price
2340
Unfavorable
$46
$48
Unfavorable
Budgeted Variable
Unit Cost
$27
$28
Transcribed Image Text:Novak is the primary provider of spirit apparel for many high schools. Management has been evaluating two of its key products for changes in selling price and sales volume in comparison to expectation: the quarter-zip jacket and the hooded sweatshirt. Novak's expectations and actual results were as follows. Quarter-zip Sweatshirt Budgeted Sales Volume Sales mix variance 460 540 Sales quantity variance Actual Sales Volume $ 520 480 Budgeted Selling Price $44 $51 Actual variable costs equaled the flexible budget variable costs. How much was Novak's sales mix variance this year? How much was the company's sales quantity variance? 400 Actual Selling Price 2340 Unfavorable $46 $48 Unfavorable Budgeted Variable Unit Cost $27 $28
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