Revenue variances Rosenberry Company computed the following revenue variances for January: Revenue price variance Revenue volume variance $(350,000) Favorable 50,000 Unfavorable Assuming that the planned selling price per unit was $10 and that actual sales were 175,000 units, determine the

Revenue variances Rosenberry Company computed the following revenue variances for January: Revenue price variance Revenue volume variance $(350,000) Favorable 50,000 Unfavorable Assuming that the planned selling price per unit was $10 and that actual sales were 175,000 units, determine 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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Question

Revenue variances
Rosenberry Company computed the following revenue
variances for January:
Revenue price variance
Revenue volume variance
$(350,000) Favorable
50,000 Unfavorable
Assuming that the planned selling price per unit was $10
and that actual sales were 175,000 units, determine the
following:
a. Actual selling price of January.
units
b. Planned number of units that were to be sold in January.

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