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Calculate sales volume variance, flexible budget variance, and total budget variance. Item Amount Budgeted sales $1,000,000 Actual sales $900,000 Budgeted variable costs $600,000 Actual variable
Calculate sales volume variance, flexible budget variance, and total budget variance.
Item | Amount |
Budgeted sales | $1,000,000 |
Actual sales | $900,000 |
Budgeted variable costs | $600,000 |
Actual variable costs | $540,000 |
Fixed costs | $200,000 |
Actual fixed costs | $220,000 |
- Requirements:
- Calculate the sales volume variance.
- Calculate the flexible budget variance.
- Calculate the total budget variance.
- Analyze the variances and provide insights into the store's performance.
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