Novak is the primary provider of spirit apparel for many high schools. Management has been evaluating two of its key products for changes in selling price and sales volume in comparison to expectation: the quarter-zip jacket and the hooded sweatshirt. Novak's expectations and actual results were as follows. Quarter-zip Sweatshirt Budgeted Sales Volume Sales price variance 460 Sales activity variance 570 $ Actual Sales Volume $ 520 510 Budgeted Selling Price $44 $51 How much was Novak's sales price variance this year? How much was its comprehensive sales activity variance? Actual Selling Price $46 $48 Budgeted Variable Unit Cost $27 $28

Novak is the primary provider of spirit apparel for many high schools. Management has been evaluating two of its key products for changes in selling price and sales volume in comparison to expectation: the quarter-zip jacket and the hooded sweatshirt. Novak's expectations and actual results were as follows. Quarter-zip Sweatshirt Budgeted Sales Volume Sales price variance 460 Sales activity variance 570 $ Actual Sales Volume $ 520 510 Budgeted Selling Price $44 $51 How much was Novak's sales price variance this year? How much was its comprehensive sales activity variance? Actual Selling Price $46 $48 Budgeted Variable Unit Cost $27 $28

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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