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Assuming actual volume is 14,000 units and planned volume is 18,000 units, the sales volume variance in units: Multiple Choice None of these answers are correct. Equals 4,000 units unfavorable. Equals 4,000 units favorable. Cannot be determined without additional information.

Assuming actual volume is 14,000 units and planned volume is 18,000 units, the sales volume variance in units: Multiple Choice None of these answers are correct. Equals 4,000 units unfavorable. Equals 4,000 units favorable. Cannot be determined without additional information.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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**Sales Volume Variance Assessment** **Multiple Choice Question:** *Assuming actual volume is 14,000 units and planned volume is 18,000 units, determine the sales volume variance in units:* - ○ None of these answers are correct. - ○ Equals 4,000 units unfavorable. - ○ Equals 4,000 units favorable. - ○ Cannot be determined without additional information. **Explanation:** The sales volume variance is calculated by subtracting the actual volume from the planned volume. In this case, the planned volume is 18,000 units and the actual volume is 14,000 units. Therefore, the variance is 18,000 - 14,000 = 4,000 units. Since the actual volume is less than the planned volume, the variance is unfavorable by 4,000 units. Thus, the correct answer is "Equals 4,000 units unfavorable." --- **Navigation:** - Prev 15 of 30 Next
Transcribed Image Text:**Sales Volume Variance Assessment** **Multiple Choice Question:** *Assuming actual volume is 14,000 units and planned volume is 18,000 units, determine the sales volume variance in units:* - ○ None of these answers are correct. - ○ Equals 4,000 units unfavorable. - ○ Equals 4,000 units favorable. - ○ Cannot be determined without additional information. **Explanation:** The sales volume variance is calculated by subtracting the actual volume from the planned volume. In this case, the planned volume is 18,000 units and the actual volume is 14,000 units. Therefore, the variance is 18,000 - 14,000 = 4,000 units. Since the actual volume is less than the planned volume, the variance is unfavorable by 4,000 units. Thus, the correct answer is "Equals 4,000 units unfavorable." --- **Navigation:** - Prev 15 of 30 Next
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