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Exercise 23-26(Algo) Computing sales variances LO A1 Mia Wiz sells computers....

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Accounting

Exercise 23-26(Algo) Computing sales variances LO A1
Mia Wiz sells computers. During May, It sold 500 computers at a $800 per unit price. The fixed budget for May predicted sales of 550 computers at an per unit price of $780.
AQ=Actual Quantity
SQ= Standard Quantity
AP= Actual Price
SP= Standard Price
1&2. Compute the sales price varlance and the sales volume varlance for May. Identify it as favorable or unfavorable.
Note: Indlcate the effect of each varlance by selecting favorable, unfavorable, or no varlance.
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