ElectroTech sells smartphones. During June 2023, it sold 520 smartphones at an average price of $850 each. The June 2023 budget included sales of 550 smartphones at an average price of $800 each. Calculate the sales price variance and the sales volume variance for June 2023.
ElectroTech sells smartphones. During June 2023, it sold 520 smartphones at an average price of $850 each. The June 2023 budget included sales of 550 smartphones at an average price of $800 each. Calculate the sales price variance and the sales volume variance for June 2023.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 25E: Lowell Manufacturing Inc. has a normal selling price of 20 per unit and has been selling 125,000...
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Transcribed Image Text:ElectroTech sells smartphones. During June 2023, it sold 520
smartphones at an average price of $850 each. The June 2023 budget
included sales of 550 smartphones at an average price of $800 each.
Calculate the sales price variance and the sales volume variance for June
2023.
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