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The following information is available for Teal, Inc.'s sales: Units Sales Actual 234,678...

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Accounting

The following information is available for Teal, Inc.'s sales:

Units Sales
Actual 234,678
Budget 230,000
Unit Selling Price
Actual $125.34
Budget $124.00
Unit Standard Variable Costs
Actual $78.32
Budget $78.00
Unit Contribution Margin
Actual $47.02
Budget $46.00

a. What is the variance for revenue? Round to zero decimals

b. Is it favorable (F) or unfavorable (U)?

The following information is available for Teal, Inc.'s sales:

Units Sales
Actual 234,678
Budget 230,000
Unit Selling Price
Actual $125.34
Budget $124.00
Unit Standard Variable Costs
Actual $78.32
Budget $78.00
Unit Contribution Margin
Actual $47.02
Budget $46.00

a. What is the variance for revenue? Round to zero decimals

b. Is it favorable (F) or unfavorable (U)?

Answer & Explanation Solved by verified expert
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