Answered step by step
Verified Expert Solution
Question
1 Approved Answer
TechGear Corp prepares its annual budget based on the following data: Expected sales: 10,000 units Selling price per unit: $50 Variable cost per unit: $30
TechGear Corp prepares its annual budget based on the following data:
- Expected sales: 10,000 units
- Selling price per unit: $50
- Variable cost per unit: $30
- Fixed costs: $100,000 Calculate the budgeted operating income for the year. Later, actual results show that the company sold 12,000 units, with a selling price of $48 per unit and total variable costs of $330,000. Calculate the sales volume variance, sales price variance, and total variance for the year.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started