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Vulcan Supplements makes fuel additives for use in motor racing and uses a standard costing system to monitor both sales and production costs to evaluate
Vulcan Supplements makes fuel additives for use in motor racing and uses a standard costing system to monitor both sales and production costs to evaluate performance. The budgeted sales data for the past month was 40,000 litres however 44,000 litres of the product was sold: Budgeted sales: Budgeted unit sell price: $47.00 Budgeted unit variable costs: $35.25 Budgeted unit contribution margin: $11.75 Budgeted sales volume/quantity 40,000 Actual Sales data: Total revenue: $1,964,600 Total units sold: 44000 Required: Calculate the Sales Price Variance
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