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JANVI Shop sells a variety of magic Toys. In a recent month, its accounting information system revealed the following information: Units Sales revenue Variable product costs Budget Actual 2,700 3,600 $12,800 $15,300 1,500 2,400 Fixed manufacturing costs 950 850 Variable selling costs 1,800 1,650 Fixed nonmanufacturing 600 750 costs Calculate the following variances: i. Revenue budget variance. ii. Sales price variance.

JANVI Shop sells a variety of magic Toys. In a recent month, its accounting information system revealed the following information: Units Sales revenue Variable product costs Budget Actual 2,700 3,600 $12,800 $15,300 1,500 2,400 Fixed manufacturing costs 950 850 Variable selling costs 1,800 1,650 Fixed nonmanufacturing 600 750 costs Calculate the following variances: i. Revenue budget variance. ii. Sales price variance.

Managerial Accounting
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 22E
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Calculate the following variances

JANVI Shop sells a variety of magic Toys. In a recent month, its accounting information system revealed the following information: Units Sales revenue Variable product costs Budget Actual 2,700 3,600 $12,800 $15,300 1,500 2,400 Fixed manufacturing costs 950 850 Variable selling costs 1,800 1,650 Fixed nonmanufacturing 600 750 costs Calculate the following variances: i. Revenue budget variance. ii. Sales price variance.
Transcribed Image Text:JANVI Shop sells a variety of magic Toys. In a recent month, its accounting information system revealed the following information: Units Sales revenue Variable product costs Budget Actual 2,700 3,600 $12,800 $15,300 1,500 2,400 Fixed manufacturing costs 950 850 Variable selling costs 1,800 1,650 Fixed nonmanufacturing 600 750 costs Calculate the following variances: i. Revenue budget variance. ii. Sales price variance.
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