Question
The following information is available for Teal, Inc.'s sales: Units Sales Actual 234,678 Budget 230,000 Unit Selling Price Actual $125.34 Budget $124.00 Unit Standard Variable
The following information is available for Teal, Inc.'s sales:
| Units Sales | |
| Actual | 234,678 |
| Budget | 230,000 |
| Unit Selling Price | |
| Actual | $125.34 |
| Budget | $124.00 |
| Unit Standard Variable Costs | |
| Actual | $78.32 |
| Budget | $78.00 |
| Unit Contribution Margin | |
| Actual | $47.02 |
| Budget | $46.00 |
a. What is the variance for revenue? Round to zero decimals
b. Is it favorable (F) or unfavorable (U)?
The following information is available for Teal, Inc.'s sales:
| Units Sales | |
| Actual | 234,678 |
| Budget | 230,000 |
| Unit Selling Price | |
| Actual | $125.34 |
| Budget | $124.00 |
| Unit Standard Variable Costs | |
| Actual | $78.32 |
| Budget | $78.00 |
| Unit Contribution Margin | |
| Actual | $47.02 |
| Budget | $46.00 |
a. What is the variance for revenue? Round to zero decimals
b. Is it favorable (F) or unfavorable (U)?
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Financial Accounting For MBAs
Authors: Peter D. Easton, John J. Wild, Robert F. Halsey, Mary Lea McAnally
6th Edition
161853100X, 978-1618531001
