You are required to calculate: i. The sales price variance. ii. The sales volume profit variance. iii. The sales mix variance profit.
You are required to calculate: i. The sales price variance. ii. The sales volume profit variance. iii. The sales mix variance profit.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
You are required to calculate:
i. The sales price variance.
ii. The sales volume profit variance.
iii. The sales mix variance profit.
iv. The sales quantity profit volume variance.
![A company produces 3 products with the following budget information available:
A
B
C
Sales
GHC14
GHC15
GHC18
Standard full cost
GHC10
GHC10
GHC13
Budget Production
10,000 units
13,000 units 9,000 units
The actual sales price and production were:
A
В
C
Sales price
GHC14.5
GH¢15.15
GHC19.00
Budget production
9,500units
13,500units
8,500units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd3dbb9b7-4025-4a66-bdbe-d70412494424%2Fe92e4d88-3d81-4523-8a75-b1d7355a3334%2F8qyxrkg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A company produces 3 products with the following budget information available:
A
B
C
Sales
GHC14
GHC15
GHC18
Standard full cost
GHC10
GHC10
GHC13
Budget Production
10,000 units
13,000 units 9,000 units
The actual sales price and production were:
A
В
C
Sales price
GHC14.5
GH¢15.15
GHC19.00
Budget production
9,500units
13,500units
8,500units
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