Determine the actual sales, Financial Accounting

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CarloffCremes (CC) planned to sell 40,000 Queen size at $20 each and 20,000 King size at $15 each. Actual sales of the former were 45,000 and 25,000 of the latter, at $19 and $16 respectively.

Which of the following is TRUE of CC?

Answer

 

 

The sales price variance is $20,000 F

 

 

The sales variance is $175,000 F

 

 

The sales price variance is $20,000 U

 

 

The sales variance is $20,000 U

 


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