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Question 1: Sales price variance, sales volume variance, and fixed cost variance Budgeted Actual Price $600 $650 Sales volume in units 50 45 Unit VC

Question 1: Sales price variance, sales volume variance, and fixed cost variance

Budgeted Actual
Price $600 $650
Sales volume in units 50 45
Unit VC $100 $220
Fixed costs $200,000 $220,000


a) Without computations, characterize the following variances as favorable or unfavorable:
sales price variance F U

sales volume variance F U

fixed cost variance F U


b) Compute the following variances. Enter favorable variances as a positive number and unfavorable variances as a negative number. Do NOT enter F or U after the number.
sales price variance = $
sales volume variance = $
fixed cost variance = $

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