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Sales Price Variance, Sales Volume Variance, Overall Sales Variance Holland Company is a garden products...

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Accounting

Sales Price Variance, Sales Volume Variance, Overall Sales Variance Holland Company is a garden products wholesale firm. In December, Holland Company expects to sell 51,000 bags of vegetable fertilizer at an average price of $5.40 per bag. Actual results are 51,650 bags sold at an average price of $5.30 per bag.

Required:

1. Calculate the sales price variance for December. $____________ Unfavorable

2. Calculate the sales volume variance for December. $____________ Favorable

3. Calculate the overall sales variance for December.

$____________ Unfavorable

4. What if December sales were actually 50,800 bags? How would that affect the sales price variance?

Decrease

The sales volume variance?

Unfavorable

The overall sales variance?

Unfavorable

Answer & Explanation Solved by verified expert
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