Sales Price Variance, Sales Volume Variance, Overall Sales Variance

Saginaw Company is a garden products wholesale firm. In December, Saginaw Company expects to sell 24,000 bags of vegetable fertilizer at an average price of $5.40 per bag. Actual results are 24,650 bags sold at an average price of $5.30 per bag.

Required:

1. Calculate the sales price variance for December. $fill in the blank 1

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2. Calculate the sales volume variance for December. $fill in the blank 3

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3. Calculate the overall sales variance for December. $fill in the blank 5

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4. What if December sales were actually 23,800 bags? How would that affect the sales price variance?

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by $fill in the blank 8

The sales volume variance? $fill in the blank 9

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The overall sales variance? $fill in the blank 11

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