Budgeted sales of product V are 4,800 units per month. The standard selling price and variable cost of product V are $45 per unit and $22 per unit respectively. During June the sales revenue achieved from actual sales of 4,390 units of product V amounted to $231,900. Required: (a) The sales price variance for product V for June was $ adverse/favourable (delete as appropriate). (b) The sales volume contribution variance for product V for June was adverse/favourable (delete as appropriate). $
Budgeted sales of product V are 4,800 units per month. The standard selling price and variable cost of product V are $45 per unit and $22 per unit respectively. During June the sales revenue achieved from actual sales of 4,390 units of product V amounted to $231,900. Required: (a) The sales price variance for product V for June was $ adverse/favourable (delete as appropriate). (b) The sales volume contribution variance for product V for June was adverse/favourable (delete as appropriate). $
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter18: Pricing And Profitability Analysis
Section: Chapter Questions
Problem 5CE: Saginaw Company is a garden products wholesale firm. In December, Saginaw Company expects to sell...
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