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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please help me with correct answer thanku

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
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 2 images

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education