Sales Variances Presented is information pertaining to an item sold by Winding Creek General Store:
Actual Budget
Unit sales 140 115
Unit selling price $27 $24
Unit standard variable costs (20) (20)
Unit contribution margin $7 $4
Revenues $3,780 $2,760
Standard variable costs (2,800) (2,300)
Contribution margin at standard costs$980 $460
Compute the revenue, sales price, and the sales volume variances.
Revenue variance $Answer
F
U
Sales price variance $Answer
F
U
Sales volume variance $Answer
F
U