Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please! Olivet Devices sells two models of fitness devices. The budgeted price per unit for the wireless model is $58 and the budgeted price per

please! image text in transcribed
image text in transcribed
Olivet Devices sells two models of fitness devices. The budgeted price per unit for the wireless model is $58 and the budgeted price per unit for the wireless and cellular model is $103. The master budget called for sales of 56,000 wireless models and 14,000 wireless and cellular models during the current year. Actual results showed sales of 41,000 wireless models, with a price of $55 per unit, and 18,000 wireless and cellular models, with a price of $100 per unit. The standard variable cost per unit is $45 for a wireless model and $80 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 variance by selecting " F " for favorable, or " U for unfavorable. If there is no effect, do not select elther option.) 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. Break down the sales activity variance into mix and quantity 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

Auditing a business risk appraoch

Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston

6th Edition

9780324645095, 324645090, 978-0324375589

More Books

Students also viewed these Accounting questions