Sove the following questions based on the independent scenarios mentioned accordingly

Question 312 pts

Calculate the sales price variance for the scenario mentioned below.

We budgeted to sell 50,000 units for $875,000. We actually sold 55,000 units for $923,000.

Give your answer in 2 decimal places and in absolute dollar value (negative not required).

Flag question: Question 32

Question 322 pts

Calculate the operating income variance for the scenario mentioned below.

We budgeted to sell 50,000 units for $875,000 revenue and $150,000 net profit. We actually sold 55,000 units for $923,000 revenue and $163,500 net profit.

Give your answer in 2 decimal places and in absolute dollar value (negative not required).

Flag question: Question 33

Question 332 pts

Calculate the fixed overhead production volume variance for the scenario mentioned below.

We budgeted $789,000 of fixed overheads and 28,025 machine hours to make 29,500 units. We later incurred $802,349 of fixed overheads and 31,400 machine hours and made 32,100 units.

Give your answer in 2 decimal places and in absolute dollar value (negative not required).

Flag question: Question 34

Question 342 pts

Calculate the total sales volume variance (i.e. sales volume variance for net profit) for the scenario mentioned below.

We budgeted to sell 50,000 units for $150,000 net profit. We actually sold 55,000 units for $163,500 net profit. We initially budgeted $89,000 of fixed overhead costs and later incurred $92,349 of fixed overhead costs.

Give your answer in 2 decimal places and in absolute dollar value (negative not required).

Flag question: Question 35

Question 352 pts

Indicate whether each of the variances below is Favourable or Unfavourable for Q31-Q34.

Q31: Sales price variance [ Select ] ["Favourable", "Unfavourable"]

Q32: Operating income variance [ Select ] ["Favourable", "Unfavourable"]

Q33: Fixed overhead production volume variance [ Select ] ["Favourable", "Unfavourable"]

Q34: Total sales volume variance [ Select ] ["Favourable", "Unfavourable"]