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Can I recieve help with the sales volume variance column? Coronado Sports sells volleyball kits that it purchases from a sports equipment distributor. The following
Can I recieve help with the sales volume variance column?
Coronado Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2.100 kits was prepared for the year. Fixed operating expenses account for 75% of total operating expenses at this level of sales. Sales Cost of goods sold (all variable) Gross margin Operating expenses Operating income $ 210,000 126,000 84,000 80,000 $ 4.000 Assume that Coronado Sports actually sold 1.800 volleyball kits during the year at a price of $102 per kit. Calculate the sales volume variance for sales revenue and cost of goods sold. (If variance is zero, select "Not Applicable" and enter 0 for the amounts.) Flexible Budget Sales Volume Variance Static Budget 1800 210 Favorable 2 $ Unit Sales Sales revenue Cost of goods sold 180000 $ 4000 Favorable 210 108000 1900 Unfavorable 126 Coronado Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2.100 kits was prepared for the year. Fixed operating expenses account for 75% of total operating expenses at this level of sales. Sales Cost of goods sold (all variable) Gross margin Operating expenses Operating income $ 210,000 126,000 84.000 80,000 4,000 Assume that Coronado Sports actually sold 1,800 volleyball kits during the year at a price of $102 per kit. Calculate the sales volume variance for sales revenue and cost of goods sold. (If variance is zero, select "Not Applicable and enter for the amounts.) Flexible Budget Sales Volume Variance Static Budget 1800 210 Favorable 2100 180000 4000 Favorable 210000 108000 1900 Untavorable 126000Step by Step Solution
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