ISHAN Shop sells a variety of magic Toys. In a recent month, it's accounting information system revealed the following information: Units Sales revenue Variable product costs Budget Actual 1,200 2,000 2,200 3,300 $11,100 $13,600 Fixed manufacturing costs 800 700 1,500 1,400 600 Variable selling costs Fixed nonmanufacturing costs 500 Calculate the following variances: i. Revenue budget variance. ii. Sales price variance.

ISHAN Shop sells a variety of magic Toys. In a recent month, it's accounting information system revealed the following information: Units Sales revenue Variable product costs Budget Actual 1,200 2,000 2,200 3,300 $11,100 $13,600 Fixed manufacturing costs 800 700 1,500 1,400 600 Variable selling costs Fixed nonmanufacturing costs 500 Calculate the following variances: i. Revenue budget variance. ii. Sales price variance.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter18: Pricing And Profitability Analysis

Section: Chapter Questions

Problem 32P: Sulert, Inc., produces and sells gel-filled ice packs. Sulerts performance report for April follows:...

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