Exercise 21-26 (Algo) Computing sales variances LO A1 Mia Wiz sells computers. During May, it sold 400 computers at a $800 per unit price. The fixed budget for May predicted sales of 450 computers at an per unit price of $750. AQ Actual Quantity SQ Standard Quantity AP = Actual Price SP Standard Price 1&2. Compute the sales price variance and the sales volume variance for May. Identify it as favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Sales Flexible Budget Budgeted Sales

Exercise 21-26 (Algo) Computing sales variances LO A1 Mia Wiz sells computers. During May, it sold 400 computers at a $800 per unit price. The fixed budget for May predicted sales of 450 computers at an per unit price of $750. AQ Actual Quantity SQ Standard Quantity AP = Actual Price SP Standard Price 1&2. Compute the sales price variance and the sales volume variance for May. Identify it as favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Sales Flexible Budget Budgeted Sales

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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