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...
icon
Related questions
Question

Please given correct answer of this general accounting question

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.
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.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning