Question
Presented is information pertaining to an item sold by winding creek general store: ............................................................................Actual.....................Budget Unit Sales..............................................................150..........................125 Unit Selling Price.....................................................$26.00.....................$25.00 Unit Standard Variable Costs....................................(20)...........................(20) Unit contribution
Presented is information pertaining to an item sold by winding creek general store:
............................................................................Actual.....................Budget
Unit Sales..............................................................150..........................125
Unit Selling Price.....................................................$26.00.....................$25.00
Unit Standard Variable Costs....................................(20)...........................(20)
Unit contribution margin.........................................$6.00.........................$5.00
Revenues..................................................................$3900.......................$3125
Standard Variable Costs..............................................(3000).......................(2500)
Contribution margin at standard costs......................$900.........................$625
Required: Compute the revenue, sales price and the sales volume variances.
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