Solution-What is the sales volume variance and sales price

What is the sales volume variance and sales price variance

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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; 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; Profit = $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?

Reference no: EM132058941

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What is the sales volume variance and sales price variance

Reference no: EM132058941

Reference no: EM132058941

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