**Revenue Variances**Dickinsen Company gathered the following data for December:| | Planned | Actual ||------------------|----------|----------|| Sales price per unit | $5.80 | $6.00 || Number of units of sales | 820,000 | 805,000 || Total sales | $4,756,000 | $4,830,000 |Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.a. Compute the revenue price variance. - [Input Box] $b. Compute the revenue volume variance. - [Input Box] $c. Compute the total revenue variance. - [Input Box] $

Variance Analysis examines differences between a company's estimated and actual business…

Revenue variances Dickinsen Company gathered the following data for December: Sales price per unit Number of units of sales Total sales Planned Actual $5.80 $6.00 x 820,000 x 805,000 $4,756,000 $4,830,000

Revenue variances Dickinsen Company gathered the following data for December: Sales price per unit Number of units of sales Total sales Planned Actual $5.80 $6.00 x 820,000 x 805,000 $4,756,000 $4,830,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

**Revenue Variances**

Dickinsen Company gathered the following data for December:

| | Planned | Actual |
|------------------|----------|----------|
| Sales price per unit | $5.80 | $6.00 |
| Number of units of sales | 820,000 | 805,000 |
| Total sales | $4,756,000 | $4,830,000 |

Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

a. Compute the revenue price variance.
- [Input Box] $

b. Compute the revenue volume variance.
- [Input Box] $

c. Compute the total revenue variance.
- [Input Box] $

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