Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Presented is information pertaining to an item sold by Winding Creek General Store: Actual Budget Unit sales 135 110 Unit selling price $29 $24 Unit

Presented is information pertaining to an item sold by Winding Creek General Store:

Actual Budget
Unit sales 135 110
Unit selling price $29 $24
Unit standard variable costs (20) (20)
Unit contribution margin $9 $4
Revenues $3,915 $2,640
Variable costs (2,700) (2,200)
Contribution margin at standard costs $1,215 $440

Compute the revenue, sales price, and the sales volume variances.

Revenue variance Sales price variance Sales volume variance

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

Dcaa Audits Widespread Problems With Audit Quality Require Significant Reform: Gao 09 1009t

Authors: U. S. Government Accountability Office

1st Edition

1287232027, 978-1287232025

More Books

Students also viewed these Accounting questions

Question

Effective Delivery Effective

Answered: 1 week ago