Homework Answers
a) Sales price variance = (Standard price-actual price)Actual sales volume = (185-179)*333500 = 2001000 U
b) Sales volume variance = (Standard quantity-actual quantity)Standard sale price = (275000-333500)*185 = 10822500 F
c) Total sales variance = Standard sales-Actual sales = (275000*185)-(333500*179) = $8821500 F
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Assume each fender produced was sold for the standard price of
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Prepare a standard cost income statement for 2018 for All−Star
Fender.
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All-Star Fender, which uses a standard cost system,
manufactured 20,000 boat fenders during 2018.
Assume each fender produced was sold for the standard price of
$45, and total selling and administrative costs were $200,000.
Prepare a standard cost income statement for 2018 for All−Star
Fender.
Please prepare a standard cost income statement for 2018 for
All−Star Fender.
Thank you in advance! ?
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