Use the information below to answer following three questions.  Total Hardware expected to sell 800 ½ inch drywall nails for $4 each but ended up selling 1,600 for $10 each. Their contribution margins are listed below Actual Margin Standard Margin $500 $300 What is the sales margin variance? What is the price variance?

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Author:Amos Gilat
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Use the information below to answer following three questions. 

Total Hardware expected to sell 800 ½ inch drywall nails for $4 each but ended up selling 1,600 for $10 each. Their contribution margins are listed below

Actual Margin

Standard Margin

$500

$300

What is the sales margin variance?

What is the price variance?

 

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