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XYZ Company's budgeted and actual results for last year are as follows: Master budget Actual results Price $400 $450 Sales volume (units) 6,000 4,500 Unit
XYZ Company's budgeted and actual results for last year are as follows: Master budget Actual results Price $400 $450 Sales volume (units) 6,000 4,500 Unit VC $100 $100 Fixed costs $350,000 $350,000 Required: (a) Compute budgeted and actual revenue, costs and profits: Master budget Actual Sales volume (units) Revenue $ Variable costs Contribution margin Fixed costs Profit In (b)-(d) below, enter favorable and unfavorable variances as positive and negative numbers, without For U. (b) How much is the total profit variance? (enter negative numbers with a minus, i.e. enter negative $100 as -100 not ($100) ) $ (c) How much is the activity variance(=sales volume variance)? (enter negative numbers with a minus) $ (d) How much is the revenue variance (=sales price variance)? (enter negative numbers with a minus) $
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