Question
XYZ company's budget and actual results are as follows: Master Budget: Price=$300; Sales Volume=6,000; Unit VC=$100; Fixed Costs=$250,000 Actual Results: Price=$350; Sales Volume=4,500; Unit VC=$100;
XYZ company's budget and actual results are as follows:
Master Budget: Price=$300; Sales Volume=6,000; Unit VC=$100; Fixed Costs=$250,000
Actual Results: Price=$350; Sales Volume=4,500; Unit VC=$100; Fixed Costs=$250,000
The Budgeted and Actual Revenue, Costs, and Profits are as follows:
Master Budget: Sales Volume(units)=6,000; Revenue=$1,800,000; Variable Costs=$600,000; Contribution Margin=$1,200,000; Fixed Costs=$250,000; Proft=$950,000
Actual Budget: Sales Volume(units)=4500; Revenue=$1,575,000; Variable Costs=$450,000; Contribution Margin=$1,125,000; Fixed Costs=$250,000; Profit=$875,000
What is the Sales Volume Variance and Sales Price Variance? I can't figure it out.
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Financial Statement Analysis
Authors: K. R. Subramanyam, John J. Wild
10th edition
73379433, 73379432, 978-0073379432
