Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Compute the following variances from the data given below : (a) Total sales margin variance (b) Sales margin volume variance (c) Sales margin price variance

Compute the following variances from the data given below : 

(a) Total sales margin variance

 (b) Sales margin volume variance

 (c) Sales margin price variance

 (d) Sales margin quantity variance 

(e) Sales margin mix variance.

Product Budgeted quantity (units) A B 240 160 Actual quantity (units) 400 200 Budgeted sale price per unit

Product Budgeted quantity (units) A B 240 160 Actual quantity (units) 400 200 Budgeted sale price per unit (Rs.) 50 25 Actual sale price per unit (Rs.) 45 20 Standard cost per unit (Rs.) 30 15

Step by Step Solution

3.49 Rating (175 Votes )

There are 3 Steps involved in it

Step: 1

For Product A Budgeted Quantity units 240 Actual Quantity units 400 Budgeted Sales Price per Unit Rs 45 Standard Cost per Unit Rs 30 Actual Sales Pric... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Accounting

Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura

12th edition

9780134487151, 013448715X, 978-0134674681

More Books

Students also viewed these Accounting questions

Question

=+c) What might you do instead?

Answered: 1 week ago

Question

Why should a business be socially responsible?

Answered: 1 week ago

Question

Discuss the general principles of management given by Henri Fayol

Answered: 1 week ago

Question

Detailed note on the contributions of F.W.Taylor

Answered: 1 week ago

Question

When do businesses record warranty expense and why?

Answered: 1 week ago