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Actual sales revenue is 17.6% higher than budgeted. Actual sales price is 2% lower than...

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Accounting

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Actual sales revenue is 17.6% higher than budgeted. Actual sales price is 2% lower than budgeted. Actual sales volume in units is 20% higher than budgeted. Actual input quantity per unit is 10% higher than budgeted. Actual input price is 1% lower than budgeted. Which of the following statements is true: Sales price variance is favorable and input price variance is unfavorable Sales price variance is favorable and input price variance is favorable Sales price variance is unfavorable and input price variance is favorable Not enough information - need to know the revenue budget and the cost budget Sales price variance is unfavorable and input price variance is unfavorable

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