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Virginia Enterprises Produces Two Products,Standard and Deluxe

Question 102

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Virginia Enterprises produces two products,Standard and Deluxe.Actual and budgeted information for the year is provided below:Virginia Enterprises produces two products,Standard and Deluxe.Actual and budgeted information for the year is provided below:  Required: (Be sure to indicate whether the variance is favorable or unfavorable. ) a.Compute the sales activity variance for each product.b.Compute the sales mix variance for each product.c.Compute the sales quantity variance for each product.
Required:
(Be sure to indicate whether the variance is favorable or unfavorable. )
a.Compute the sales activity variance for each product.b.Compute the sales mix variance for each product.c.Compute the sales quantity variance for each product.

Correct Answer:

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a.Standard: $1,440 F;Deluxe: $400 U
b.St...

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