A company has the following budgeted and actual sales data:ItemBudgetedActualUnits sold10,0009,000Selling price$50$48Requirements:(a) Calculate the sales...
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Accounting
A company has the following budgeted and actual sales data:
Item | Budgeted | Actual |
Units sold | 10,000 | 9,000 |
Selling price | $50 | $48 |
(a) Calculate the sales volume variance. (b) Determine the sales price variance. (c) Analyze the reasons for the variances. (d) Discuss the significance of sales variance analysis.
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