Question
In May 2018, Adams Inc., planned to sell 1000 units of their only product for $250 per unit and gain contribution of $140 per unit.
In May 2018, Adams Inc., planned to sell 1000 units of their only product for $250 per unit and gain contribution of $140 per unit.
After fixed costs of $84,000, they forecasted profit of $26,000. Actual results for Adams Inc are, sold 1,070 units of the product for $245 per unit. Its realized fixed cost was $84,500 and actual profit was $27,000.
What is the firm's sales price variance for May 2018?
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Horngrens Accounting The Managerial Chapters
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
11th Global Edition
1292105879, 978-1292105871
