Sales Price Variance, Sales Volume Variance, Overall Sales Variance

Saginaw Company is a garden products wholesale firm. In December, Saginaw Company expects to sell 23,000 bags of vegetable fertilizer at an average price of $5.6 per bag. Actual results are 23,700 bags sold at an average price of $5.5 per bag.

Required:

1. Calculate the sales price variance for December. $

Favorable or Unfavorable?

2. Calculate the sales volume variance for December. $

Favorable or Unfavorable?

3. Calculate the overall sales variance for December. $

Favorable or Unfavorable

4. What if December sales were actually 22,800 bags calculate the new sales price variance? $

Favorable or Unfavorable?

The sales volume variance? $ -

Favorable or Unfavorable?

The overall sales variance? $

Favorable or Unfavorable?