Sales volumeSales priceUnit VCInput price forDLBudgeted110 units$5 favorable$50 per unit$30 per unit$10 perhourInput quantityper unit for DLCompute sales price variance1.5 hoursper unitActual100 units$55 perunit$33 perunit$12 perhour2 hours perunit

Sales price variance:- It occurs when actual price of a product is sold varies from the budgeted…

Sales volume Sales price Unit VC Input price for DL Input quantity per unit for DL Budgeted 110 units $50 per unit $30 per unit $10 per hour 1.5 hours per unit Compute sales price variance Actual 100 units $55 per unit $33 per unit $12 per hour 2 hours per unit

Sales volume Sales price Unit VC Input price for DL Input quantity per unit for DL Budgeted 110 units $50 per unit $30 per unit $10 per hour 1.5 hours per unit Compute sales price variance Actual 100 units $55 per unit $33 per unit $12 per hour 2 hours per unit

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

Sales volume
Sales price
Unit VC
Input price for
DL
Budgeted
110 units
$5 favorable
$50 per unit
$30 per unit
$10 per
hour
Input quantity
per unit for DL
Compute sales price variance
1.5 hours
per unit
Actual
100 units
$55 per
unit
$33 per
unit
$12 per
hour
2 hours per
unit

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