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Corner Stone Exercise 18.19 (Complete required 1, and 2)
Life-Cycle Pricing, Sales Price and Sales Volume Variances Data for Torleson Company are as follows:
Budgeted price $15.00
Actual price $14.80
Budgeted quantity 1,450
Actual quantity sold 2,500
Required:
1. Calculate the sales price variance.
2. Calculate the sales volume variance.
Answer the c. For instance, if you decide to use a "vendor database" in your example, use it to answer both questions.
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