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
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) $
We've got everything to become your favourite writing service
Money back guarantee
Your money is safe. Even if we fail to satisfy your expectations, you can always request a refund and get your money back.
Confidentiality
We don’t share your private information with anyone. What happens on our website stays on our website.
Our service is legit
We provide you with a sample paper on the topic you need, and this kind of academic assistance is perfectly legitimate.
Get a plagiarism-free paper
We check every paper with our plagiarism-detection software, so you get a unique paper written for your particular purposes.
We can help with urgent tasks
Need a paper tomorrow? We can write it even while you’re sleeping. Place an order now and get your paper in 8 hours.
Pay a fair price
Our prices depend on urgency. If you want a cheap essay, place your order in advance. Our prices start from $11 per page.