TechGear Corp prepares its annual budget based on the following data: Expected sales: 10,000 units Selling price
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Question:
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.
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