Question
The following data relates to 20X8. Actual sales: 1,000 units @ $650 each Budgeted output and sales for the year: 900 units Standard selling price:
The following data relates to 20X8. Actual sales: 1,000 units @ $650 each Budgeted output and sales for the year: 900 units Standard selling price: $700 per unit Budgeted contribution per unit: $245 Budgeted profit per unit: $205 Required: Calculate the sales volume variance (under absorption and marginal costing) and the sales price variance. Radek Ltd has budgeted sales of 400 units at $2.50 each. The variable costs are expected to be $1.80 per unit, and there are no fixed costs. The actual sales were 500 units at $2 each and costs were as expected. Calculate the sales price and sales volume variances (using marginal costing). Standard costing
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