Question 3. Actual Versus Budget Variances 25%

The following information has been provided for Atlas Beverages:

Actual Unit Volume 10,500

Budget Unit Volume 10,000

Actual Selling Price $10

Budget Selling Price $11

1. Calculate Total Actual Revenue (5 pts)

2. Calculate Total Budgeted Revenue (5 pts)

3. Calculate the Total Revenue Variance (5 pts)

4. Calculate the Total Revenue Volume Variance and Price Variance (10 pts)