Question
How many of the following variances are unfavorable? Item Budget Actual Sales price $350 $380 Sales revenue $15,000 $12,500 Cost of goods sold $10,000 $9,000
How many of the following variances are unfavorable?
| Item | Budget | Actual |
| Sales price | $350 | $380 |
| Sales revenue | $15,000 | $12,500 |
| Cost of goods sold | $10,000 | $9,000 |
| Selling and administrative expenses | $3,200 | $3,500 |
| Labor costs | $1,800 | $1,680 |
| Production volume | 1,300 units | 1,260 units |
Group of answer choices
4
1
0
2
5
3
6
Favors Publishing has the following budgeted and actual amounts
| Budgeted | Actual | |
| Sales price / book | $90.00 | $87.00 |
| Book sales | 30,000 books | 32,000 books |
Calculate Favor's Publishing's sales volume variance. Enter a favorable variance as positive and a negative variance as negative.
Favors Publishing has the following budgeted and actual amounts
| Budgeted | Actual | |
| Sales price / book | $90.00 | $87.00 |
| Book sales | 30,000 books | 32,000 books |
Calculate Favor's Publishing's sales price variance. Enter a favorable variance as positive and a negative variance as negative.
Favors Publishing has the following budgeted and actual amounts
| Budgeted | Actual | |
| Sales price / book | $90.00 | $87.00 |
| Book sales | 30,000 books | 32,000 books |
Calculate Favor's Publishing's total sales variance. Enter a favorable variance as positive and a negative variance as negative.
A company has the following information
| Budgeted | Actual | |
| Sales volume | 50,000 units | 54,000 units |
| Sales price | $4.00 / unit | $4.10 / unit |
A favorable variance of $5,400 is which variance?
Group of answer choices
Sales volume variance
Sales price variance
Total sales variance
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Accounting
Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie
11th Edition
9780730382737, 9780730382737
