Sales Variances

Presented is information pertaining to an item sold by Wheeping Creek General Store:

Actual Budget

Unit sales $650600$

Unit selling price $ $38$ $ $40$

Unit standard variable costs $3132$

Unit contribution margin $ $7$ $ $8$

Revenues $ $24,700$ $ $24,000$

Variable costs $21,15019,200$

Contribution margin at standard costs $ $4,550$ $ $4,800$

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

Revenue variance

$Answer

Answer

Sales price variance

$Answer

Answer

Sales volume variance

$Answer

Answer