Question 1: Sales price variance, sales volume variance, and fixed cost variance Price Sales volume in units Unit VC Fixed costs Budgeted $500 80 Actual $550 75 Submit Answer $100 $220 $400,000 $420,000 a) Without computations, characterize the following variances as favorable or unfavorable: sales price variance OF OU sales volume variance OF U fixed cost variance OF OU b) Compute the following variances. Enter favorable variances as a positive number and unfavorable variances as a negative num number. sales price variance = $ 3750 sales volume variance = $ 2500 fixed cost variance $20000 Do NOT enter Fi U after the

Question 1: Sales price variance, sales volume variance, and fixed cost variance Price Sales volume in units Unit VC Fixed costs Budgeted $500 80 Actual $550 75 Submit Answer $100 $220 $400,000 $420,000 a) Without computations, characterize the following variances as favorable or unfavorable: sales price variance OF OU sales volume variance OF U fixed cost variance OF OU b) Compute the following variances. Enter favorable variances as a positive number and unfavorable variances as a negative num number. sales price variance = $ 3750 sales volume variance = $ 2500 fixed cost variance $20000 Do NOT enter Fi U after the

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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