Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Revenue variances For the year, Logitom planned to sell 1,380,000 units at a $39 selling price. The marketing manager was asked to explain why budgeted

Revenue variances For the year, Logitom planned to sell 1,380,000 units at a $39 selling price. The marketing manager was asked to explain why budgeted revenue had not been achieved for that year. Investigation revealed the following information:

Actual sales volume 1,419,000 units
Actual selling price $38 per unit

Calculate the sales price variance, the sale volume variance, and the total revenue variance. Note: Do not use a negative sign with your answers.

Sales price variance Answer AnswerFavorableUnfavorableNeither favorable or unfavorable
Sales volume variance Answer AnswerFavorableUnfavorableNeither favorable or unfavorable
Total revenue variance Answer AnswerFavorableUnfavorableNeither favorable or unfavorable

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

Essentials of Accounting for Governmental and Not-for-Profit Organizations

Authors: Paul A. Copley

10th Edition

007352705X, 978-0073527055

More Books

Students also viewed these Accounting questions