Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Olvet Devices sells two models of fitness devices. The budgeted price per unit for the wireless model is $52 and the budgeted price per unit

image text in transcribed
image text in transcribed
Olvet Devices sells two models of fitness devices. The budgeted price per unit for the wireless model is $52 and the budgeted price per unit for the wireless and cellular model is $97. The master budget called for sales of 51,200 wireless models and 12,800 wireless and cellular models during the current year. Actual results showed sales of 38,000 wireless models, with a price of $49 per unit, and 16,200 wireless and cellular models, with a price of $94 per unit. The standard variable cost per unit is $39 for a wireless model and $74 for a wireless and cellular model. Required: a. Compute the sales activity variance for these data: b. Break down the sales activity variance into mix and quantity parts. Complete this question by entering your answers in the tabs below. Compute the sales activity variance for these data. (Do not round intermediate calculations, Indicate the effect of each vanance by selecting "F" for favorable, of "U" for unfavorable. If there is no effect, do not select either option.) Complete this question by entering your answers in the tabs below. Break down the sales activity variance into mix and quntity parts. (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 select either option.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Wiley Federal Government Auditing Laws Regulations Standards And Practices

Authors: Edward F. Kearney, Roldan Fernandez, Jeffrey W. Green, David M. Zavada

2nd Edition

1118555856, 978-1118555859

More Books

Students also viewed these Accounting questions