Sales variance is the difference between budgeted sales and actual sales. Sales variance can be because of two reasons • Actual selling price of the product varies from the budgeted selling price and/or • Actual quantity of sales varies from the budgeted quantity. Therefore, sales variance is the sum of (i) Sales Price Variance and (ii) Sales Volume Variance. Sales Price Variance: The difference between the actual selling price and the budgeted selling price is the Sales Price Variance. Sales Volume Variance: The difference between actual quantity of sales and budgeted quantity is the Sales Volume Variance. The following formulas are used to calculate Sales variance: SalesVariance=Sales Price Variance+ Sales Volume Variance Also Sales Variance = Budgeted Sales – Actual Sales Sales Price Variance = Actual Sales - Actual quantity of Sales at budgeted price Sales Volume Variance = Actual quantity at budgeted price -Budgeted quantity at budgeted price Sales variance gives a view of deviations from the set standards which can be wither favorable or unfavorable To Determine: Sales Price and Volume Variance

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Answer 1

Question

Chapter 23, Problem 20QS

To determine

Concept Introduction:

Sales variance is the difference between budgeted sales and actual sales. Sales variance can be because of two reasons

• Actual selling price of the product varies from the budgeted selling price and/or

• Actual quantity of sales varies from the budgeted quantity.

Therefore, sales variance is the sum of (i) Sales Price Variance and (ii) Sales Volume Variance.

Sales Price Variance:The difference between the actual selling price and the budgeted selling price is the Sales Price Variance.

Sales Volume Variance:The difference between actual quantity of sales and budgeted quantity is the Sales Volume Variance.

The following formulas are used to calculate Sales variance:

SalesVariance=Sales Price Variance+ Sales Volume Variance

Also Sales Variance = Budgeted Sales – Actual Sales

Sales Price Variance = Actual Sales - Actual quantity of Sales at budgeted price

Sales Volume Variance = Actual quantity at budgeted price -Budgeted quantity at budgeted price

Sales variance gives a view of deviations from the set standards which can be wither favorable or unfavorable

To Determine: Sales Price and Volume Variance

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Jefferson Inc.'s operating leverage is 5.2. If the company's sales increase by 10%, its net operating income should increase by about: a. 52.0% b. 12.0% c. 5.2% d. 17.3%

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Answer 2

Question

Chapter 23, Problem 20QS

To determine

Concept Introduction:

Sales variance is the difference between budgeted sales and actual sales. Sales variance can be because of two reasons

• Actual selling price of the product varies from the budgeted selling price and/or

• Actual quantity of sales varies from the budgeted quantity.

Therefore, sales variance is the sum of (i) Sales Price Variance and (ii) Sales Volume Variance.

Sales Price Variance:The difference between the actual selling price and the budgeted selling price is the Sales Price Variance.

Sales Volume Variance:The difference between actual quantity of sales and budgeted quantity is the Sales Volume Variance.

The following formulas are used to calculate Sales variance:

SalesVariance=Sales Price Variance+ Sales Volume Variance

Also Sales Variance = Budgeted Sales – Actual Sales

Sales Price Variance = Actual Sales - Actual quantity of Sales at budgeted price

Sales Volume Variance = Actual quantity at budgeted price -Budgeted quantity at budgeted price

Sales variance gives a view of deviations from the set standards which can be wither favorable or unfavorable

To Determine: Sales Price and Volume Variance

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 23, Problem 20QS

To determine

Concept Introduction:

Sales variance is the difference between budgeted sales and actual sales. Sales variance can be because of two reasons

• Actual selling price of the product varies from the budgeted selling price and/or

• Actual quantity of sales varies from the budgeted quantity.

Therefore, sales variance is the sum of (i) Sales Price Variance and (ii) Sales Volume Variance.

Sales Price Variance:The difference between the actual selling price and the budgeted selling price is the Sales Price Variance.

Sales Volume Variance:The difference between actual quantity of sales and budgeted quantity is the Sales Volume Variance.

The following formulas are used to calculate Sales variance:

SalesVariance=Sales Price Variance+ Sales Volume Variance

Also Sales Variance = Budgeted Sales – Actual Sales

Sales Price Variance = Actual Sales - Actual quantity of Sales at budgeted price

Sales Volume Variance = Actual quantity at budgeted price -Budgeted quantity at budgeted price

Sales variance gives a view of deviations from the set standards which can be wither favorable or unfavorable

To Determine: Sales Price and Volume Variance

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 23, Problem 20QS

To determine

Concept Introduction:

Sales variance is the difference between budgeted sales and actual sales. Sales variance can be because of two reasons

• Actual selling price of the product varies from the budgeted selling price and/or

• Actual quantity of sales varies from the budgeted quantity.

Therefore, sales variance is the sum of (i) Sales Price Variance and (ii) Sales Volume Variance.

Sales Price Variance:The difference between the actual selling price and the budgeted selling price is the Sales Price Variance.

Sales Volume Variance:The difference between actual quantity of sales and budgeted quantity is the Sales Volume Variance.

The following formulas are used to calculate Sales variance:

SalesVariance=Sales Price Variance+ Sales Volume Variance

Also Sales Variance = Budgeted Sales – Actual Sales

Sales Price Variance = Actual Sales - Actual quantity of Sales at budgeted price

Sales Volume Variance = Actual quantity at budgeted price -Budgeted quantity at budgeted price

Sales variance gives a view of deviations from the set standards which can be wither favorable or unfavorable

To Determine: Sales Price and Volume Variance

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 23, Problem 20QS

To determine

Concept Introduction:

Sales variance is the difference between budgeted sales and actual sales. Sales variance can be because of two reasons

• Actual selling price of the product varies from the budgeted selling price and/or

• Actual quantity of sales varies from the budgeted quantity.

Therefore, sales variance is the sum of (i) Sales Price Variance and (ii) Sales Volume Variance.

Sales Price Variance:The difference between the actual selling price and the budgeted selling price is the Sales Price Variance.

Sales Volume Variance:The difference between actual quantity of sales and budgeted quantity is the Sales Volume Variance.

The following formulas are used to calculate Sales variance:

SalesVariance=Sales Price Variance+ Sales Volume Variance

Also Sales Variance = Budgeted Sales – Actual Sales

Sales Price Variance = Actual Sales - Actual quantity of Sales at budgeted price

Sales Volume Variance = Actual quantity at budgeted price -Budgeted quantity at budgeted price

Sales variance gives a view of deviations from the set standards which can be wither favorable or unfavorable

To Determine: Sales Price and Volume Variance

Answer 6

Chapter 23, Problem 20QS

To determine

Concept Introduction:

Sales variance is the difference between budgeted sales and actual sales. Sales variance can be because of two reasons

• Actual selling price of the product varies from the budgeted selling price and/or

• Actual quantity of sales varies from the budgeted quantity.

Therefore, sales variance is the sum of (i) Sales Price Variance and (ii) Sales Volume Variance.

Sales Price Variance:The difference between the actual selling price and the budgeted selling price is the Sales Price Variance.

Sales Volume Variance:The difference between actual quantity of sales and budgeted quantity is the Sales Volume Variance.

The following formulas are used to calculate Sales variance:

SalesVariance=Sales Price Variance+ Sales Volume Variance

Also Sales Variance = Budgeted Sales – Actual Sales

Sales Price Variance = Actual Sales - Actual quantity of Sales at budgeted price

Sales Volume Variance = Actual quantity at budgeted price -Budgeted quantity at budgeted price

Sales variance gives a view of deviations from the set standards which can be wither favorable or unfavorable

To Determine: Sales Price and Volume Variance

Answer 7

Chapter 23, Problem 20QS

To determine

Concept Introduction:

Sales variance is the difference between budgeted sales and actual sales. Sales variance can be because of two reasons

• Actual selling price of the product varies from the budgeted selling price and/or

• Actual quantity of sales varies from the budgeted quantity.

Therefore, sales variance is the sum of (i) Sales Price Variance and (ii) Sales Volume Variance.

Sales Price Variance:The difference between the actual selling price and the budgeted selling price is the Sales Price Variance.

Sales Volume Variance:The difference between actual quantity of sales and budgeted quantity is the Sales Volume Variance.

The following formulas are used to calculate Sales variance:

SalesVariance=Sales Price Variance+ Sales Volume Variance

Also Sales Variance = Budgeted Sales – Actual Sales

Sales Price Variance = Actual Sales - Actual quantity of Sales at budgeted price

Sales Volume Variance = Actual quantity at budgeted price -Budgeted quantity at budgeted price

Sales variance gives a view of deviations from the set standards which can be wither favorable or unfavorable

To Determine: Sales Price and Volume Variance

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

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Answer 11

Ch. 23 - Prob. 1DQ Ch. 23 - Prob. 2DQ Ch. 23 - Prob. 3DQ Ch. 23 - Prob. 4DQ Ch. 23 - Prob. 5DQ Ch. 23 - Prob. 6DQ Ch. 23 - Prob. 7DQ Ch. 23 - Prob. 8DQ Ch. 23 - Prob. 9DQ Ch. 23 - Prob. 10DQ

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