Question
Sales Price Variance, Sales Volume Variance, Overall Sales Variance Saginaw Company is a garden products wholesale firm. In December, Saginaw Company expects to sell 21,000
Sales Price Variance, Sales Volume Variance, Overall Sales Variance
Saginaw Company is a garden products wholesale firm. In December, Saginaw Company expects to sell 21,000 bags of vegetable fertilizer at an average price of $5.3 per bag. Actual results are 21,800 bags sold at an average price of $5.2 per bag.
Required:
1. Calculate the sales price variance for December. $ - Select your answer -FavorableUnfavorableItem 2
2. Calculate the sales volume variance for December. $ - Select your answer -FavorableUnfavorableItem 4
3. Calculate the overall sales variance for December. $ - Select your answer -FavorableUnfavorableItem 6
4. What if December sales were actually 20,800 bags calculate the new sales price variance? $ - Select your answer -FavorableUnfavorableItem 8
The sales volume variance? $ - Select your answer -FavorableUnfavorableItem 10
The overall sales variance? $ - Select your answer -FavorableUnfavorableItem 12
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started