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Task #2: Calculate the sales price and sales volume variances (Task #2 SV). Complete the yellow sections only. Write a briefu

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TASK # 2 High-End Litts, Inc. SALES VARIANCES December 31, Year 5 Budgeted (Standard) Price Budgeted (Standard) Volume Actual

Summary: (write your answer) AP AQ SP AQ SP SQ Use same format as abave Stair Lifts, Lite Comm Ck GSo $420,964 Unfavorable Un

Task #2: Calculate the sales price and sales volume variances (Task #2 SV). Complete the yellow sections only. Write a briefum mary of the results of the analysis. Discuss both the sales price and the sales volume variance separately and then discuss the sales variances as a whole for each product line and in total.
TASK # 2 High-End Litts, Inc. SALES VARIANCES December 31, Year 5 Budgeted (Standard) Price Budgeted (Standard) Volume Actual Price Actual Volume Premium Lite Comm $275,000 $1575 3,275 $4,275 2,238 $ 274,000$1,600 2,8004,250 2.350 Elevators Eco 132 135 2,238 307 2,250 275 AP AQ SP AQ SP SQ Elevators Unfavorable Unfavorable Unfavorable Summary: (write your answer AP AQ SP AQ SP SQ Stair Lifts, Economy ariance sales volume variance Unfavorable Unfavorable Unfavorable Summary:(write your answer) AP AQ SP AQ SP SQ Use same format as abave Stair Lifts, Premium Ck G39 $(237,004) ariance- sales volume yariance: Unfavorable Unfavorable Unfavorable
Summary: (write your answer) AP AQ SP AQ SP SQ Use same format as abave Stair Lifts, Lite Comm Ck GSo $420,964 Unfavorable Unfavorable Summary:(write your answer) sales price variance = Total Unfavorable Unfavorable Unfavorable Summary:(write your answer)
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Answer #1
1 2 3
Elevators AQ * AP SP * AQ SP * SQ
135 * 274000 275000 * 135 275000 * 132
36990000 37125000 36300000
Sales price variance (1-2) Sales volume variance(2-3)
-135000 (i.e Unfavourable) 825000 (i.e favourable)
Sales Variance (1-3)
690000 (i.e favourable
1 2 3
Economy AQ * AP SP * AQ SP * SQ
2250 * 1600 1575 * 2250 1575 * 2238
3600000 3543750 3524850
Sales price variance (1-2) Sales volume variance(2-3)
56250 (i.e favourable) 18900 (i.e favourable)
Sales Variance (1-3)
75150 (i.e favourable
1 2 3
Premium AQ * AP SP * AQ SP * SQ
275 * 2800 3275 * 275 3275 * 307
770000 900625 1005425
Sales price variance (1-2) Sales volume variance(2-3)
-130625 (i.e unfavourable) -104800 (i.eun favourable)
Sales Variance (1-3)
-235425 (i.e unfavourable
1 2 3
Lite comm AQ * AP SP * AQ SP * SQ
2350 * 4250 4275 * 2350 4275 * 2238
9987500 10046250 9567450
Sales price variance (1-2) Sales volume variance(2-3)
-58750 (i.e unfavourable) 478800 (i.e favourable)
Sales Variance (1-3)
420050 (i.e favourable
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