Systems Manufactures audio systems for cars. Two models are produced: The Standard model has a budgeted price o $150 and a standard variable cost of $30. The Blaster model has a budgeted price of $430 and a standard variable cost of $110. At the beginning of the year, Sara estimated that she would sell 5,800 Blaster models and 23,200 Standard models. The actual results for the year showed that 7,350 Blaster models were sold for total revenues of $3,454.500 A total of 26,600 Standard models were sold for revenues of $6,384,000. Required: a. Compute the activity variance for the year. b. Compute the mix and quantity variances for the year. Complete this question by entering your answers in the tabs below. Required A Required B Compute the activity variance for the year. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect do not selecte

Systems Manufactures audio systems for cars. Two models are produced: The Standard model has a budgeted price o $150 and a standard variable cost of $30. The Blaster model has a budgeted price of $430 and a standard variable cost of $110. At the beginning of the year, Sara estimated that she would sell 5,800 Blaster models and 23,200 Standard models. The actual results for the year showed that 7,350 Blaster models were sold for total revenues of $3,454.500 A total of 26,600 Standard models were sold for revenues of $6,384,000. Required: a. Compute the activity variance for the year. b. Compute the mix and quantity variances for the year. Complete this question by entering your answers in the tabs below. Required A Required B Compute the activity variance for the year. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect do not selecte

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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