# question 1 total profit variance sales price and sales quantity variance 461515

XYZ Company’s budgeted and actual results for last year are as follows:

Master Budget Actual Results
Price \$450 \$600
Sales Volume (units) 6,000 4,000
Unit VC \$150 \$150
Fixed Costs \$250,000 \$250,000

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Required:

(a) Compute budgeted and actual revenue, costs and profits:

Master Budget Actual
Sales Volume (units) _____________ ____________
Revenue \$____________ \$___________
Variable costs \$____________ \$___________
Contribution margin \$_____________ \$___________
Fixed costs \$_____________ \$____________
Profit \$_____________ \$____________

In (b)-(d) below, enter favorable and unfavorable variances as positive and negative numbers, without F or U.

(b) How much is the total profit variance?
(enter negative numbers with a minus, i.e. enter negative \$100 as -100 not (\$100) ) \$

(c) How much is the sales volume variance?
(enter negative numbers with a minus) \$

(d) How much is the sales price variance?
(enter negative numbers with a minus) \$

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