Sales volume variabce = ??? les volume ance Budgeted Actual $350 65 $220 Sales v

Question

Sales volume variabce = ??? les volume ance Budgeted Actual $350 65 $220 Sales volume in units 70 Unit VC $200 $100,000 $120,000 a) Without computations, characterize the following variances as favorable or unfavorable: sales price variance OF OU sales volume variance OF OU fixed cost variance OFU b) Compute the following variances. Enter favorable variances as a positive number and unfavorable variances as a negative number. Do NOT enter F or U after the number. sales price variance ,-$3250 sales volume variance = fixed cost variance $ -20000

Explanation / Answer

Sales volume variance = (Actual units sold-Budgeted units sales)*Standard contribution margin per unit = (65-70)*100 = $500 [U].

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