Sales Variances

Assume that Casio Computer Company, LTD$.$ sells handheld communication devices for $$110$ during August as a back$-$to$-$school special. The normal selling price is $$160.$ The standard variable cost for each device is $$60.$ Sales for August had been budgeted for $600,000$ units nationwide; however, due to the slowdown in the economy, sales were only $550,000.$

Compute the revenue, sales price, sales volume, and net sales volume variances.

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