Actual quantity = 500 units
Standard quantity = 550 units
Actual price = $1,000 per unit
Standard price = $960 per unit
Sales price variance = Actual quantity x (Actual price - Standard price)
= 500 x (1,000 - 960)
= $20,000 (Favorable)
Sales volume variance = Standard price x (Actual quantity - Standard quantity)
= 960 x (500 - 550)
= $48,000 (Unfavorable)
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Comp Wiz sells computers. During May 2017, It sold 500 computers at a $1,000 average price...
HOW DO I CALCULATE? Comp Wiz sells computers. During May, it sold 500 computers at a $1,000 average price each. The May fixed budget included sales of 550 computers at an average price of $960 each. AQ = Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price 1&2. Compute the sales price variance and the sales volume variance for May. Classify it as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and...
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