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JANVI Shop sells a variety of magic Toys. In a recent month, its accounting information system revealed the following information: Budget Actual Units 2,700 3,600 Sales revenue Variable product costs $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 i. Revenue budget variance. ii. Sales price variance. Calculate the following variances:

JANVI Shop sells a variety of magic Toys. In a recent month, its accounting information system revealed the following information: Budget Actual Units 2,700 3,600 Sales revenue Variable product costs $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 i. Revenue budget variance. ii. Sales price variance. Calculate the following variances:

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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JANVI Shop sells a variety of magic Toys. In a recent month, its accounting information system revealed the following information: Budget Actual Units 2,700 3,600 Sales revenue Variable product costs $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 i. Revenue budget variance. ii. Sales price variance. Calculate the following variances:
Transcribed Image Text:JANVI Shop sells a variety of magic Toys. In a recent month, its accounting information system revealed the following information: Budget Actual Units 2,700 3,600 Sales revenue Variable product costs $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 i. Revenue budget variance. ii. Sales price variance. Calculate the following variances:
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