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What is the sales activity variance for sales revenue

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Reference no: EM132548304

The master budget for Lily's Bakery assumes that the bakery will sell 1,000 wedding cakes during 2019. However, Lily had a banner year and actually sold 1,400 wedding cakes.

Lily's master budget figures are as follows:

Sales (in units) 1,000 cakes

Sales ($) $300,000

Variable Costs $200,000

Fixed Costs $ 15,000

To assess the sales activity variance for the bakery, Lily prepares a flexible budget.

Question 1: Assuming that fixed costs are the same for the master budget and the flexible budget, what is the sales activity variance for sales revenue and is it favorable or unfavorable?

Reference no: EM132548304

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