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during the current year. Actual results showed s s and cellular models, with a price of $93 per unit. The ess and cellular model. e sales activity variance for these data. the sales activity variance into mix and quantity parts-

during the current year. Actual results showed s s and cellular models, with a price of $93 per unit. The ess and cellular model. e sales activity variance for these data. the sales activity variance into mix and quantity parts-

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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Olivet Devices sells two models of fitness devices. The budgeted price per unit for the wireless model is $51 and the budgeted price per unit for the wireless and cellular model is $96. The master budget called for sales of 50,400 wireless models and 12,600 wireless and cellular models during the current year. Actual results showed sales of 37,500 wireless models, with a price of $48 per unit, and 15,900 wireless and cellular models, with a price of $93 per unit. The standard variable cost per unit is $38 for a wireless model and $73 for a wireless and cellular model. Required: a. Compute the sales activity variance for these data. b. Break down the sales activity variance into mix and quantity parts. Complete this question by entering your answers in the tabs below. Rquired A Required B Compute the sales activity variance for these data. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Activity variance < Required A Required B >
Transcribed Image Text:Olivet Devices sells two models of fitness devices. The budgeted price per unit for the wireless model is $51 and the budgeted price per unit for the wireless and cellular model is $96. The master budget called for sales of 50,400 wireless models and 12,600 wireless and cellular models during the current year. Actual results showed sales of 37,500 wireless models, with a price of $48 per unit, and 15,900 wireless and cellular models, with a price of $93 per unit. The standard variable cost per unit is $38 for a wireless model and $73 for a wireless and cellular model. Required: a. Compute the sales activity variance for these data. b. Break down the sales activity variance into mix and quantity parts. Complete this question by entering your answers in the tabs below. Rquired A Required B Compute the sales activity variance for these data. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Activity variance < Required A Required B >
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