Revenue variances For the year, Logitom planned to sell 1,380,000 units at a $39 selling price. The
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Question:
Revenue variances For the year, Logitom planned to sell 1,380,000 units at a $39 selling price. The marketing manager was asked to explain why budgeted revenue had not been achieved for that year. Investigation revealed the following information:
Actual sales volume | 1,419,000 | units |
Actual selling price | $38 per unit |
Calculate the sales price variance, the sale volume variance, and the total revenue variance. Note: Do not use a negative sign with your answers.
Sales price variance | Answer | AnswerFavorableUnfavorableNeither favorable or unfavorable |
Sales volume variance | Answer | AnswerFavorableUnfavorableNeither favorable or unfavorable |
Total revenue variance | Answer | AnswerFavorableUnfavorableNeither favorable or unfavorable |
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