Solved

In December 2010 the Farmer Corporation Developed a Sales Budget

Question 92

Essay

In December 2010 the Farmer Corporation developed a sales budget for January 2009 that estimated the sale of 3,500 units at $200 per unit with a cost per unit of $124.On February 2 the report for January sales indicated that 3,650 units were sold at a sales price of $190 at a cost of $110.Given this information,calculated the sale price variance and the sales quantity variance for January sales and indicate whether they are favorable or unfavorable.What is your assessment of January's performance?

Correct Answer:

verifed

Verified

Sales price variance = ($200 - $190)x 3,...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents