The data below relate to Macquarie Ltd for the month of June:

____________________________________ Static budget _______________ Actual

Units sold ………………………………………. 10 000 ………………………..9 000

Sales revenue ………………………………….. $120 000 ………………….. $103 500

Variable manufacturing cost …………………….40 000 ……………………… 36 000

Fixed manufacturing cost ……………………… 20 000 ……………………… 20 000

Variable selling and administrative expenses …. 10 000 ……………………….. 9 000

Fixed selling and administrative expenses …….. 10 000 ……………………… 10 000

Required:

Calculate the sales price and sales volume variances for June?



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