The Martin Trader sells three products- product A, product B and product C. The budgeted sales and budgeted prices of all three products for the first quarter of the current year are given below: Budgeted price $25 Products Budgeted Sales Product A 630 units Product B 765 units $15 Product C 540 units $40 The actual results for the first quarter in terms of quantity sold and price are given below: Products Actual Sales Actual price Product A Product B 705 units $26 560 units $18 Product C 632 units $42 Required: Using the information of Martin Traders given above, calculate sales volume variance for the individual products as well as in total for the first quarter.

The Martin Trader sells three products- product A, product B and product C. The budgeted sales and budgeted prices of all three products for the first quarter of the current year are given below: Budgeted price $25 Products Budgeted Sales Product A 630 units Product B 765 units $15 Product C 540 units $40 The actual results for the first quarter in terms of quantity sold and price are given below: Products Actual Sales Actual price Product A Product B 705 units $26 560 units $18 Product C 632 units $42 Required: Using the information of Martin Traders given above, calculate sales volume variance for the individual products as well as in total for the first quarter.

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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