Wiz Electronics sells computers. During May 2009, it sold 500 computers at a $1,000 average price each.

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Wiz Electronics sells computers. During May 2009, it sold 500 computers at a $1,000 average price each. The May 2009 fixed budget included sales of 550 computers at an average price of $950 each.

(1) Compute the sales price variance and the sales volume variance for May 2009.

(2) Interpret the findings.

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Managerial Accounting

ISBN: 978-0073379586

2010 Edition

Authors: John J. Wild, Ken W. Shaw

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Question Posted: May 17, 2012 06:08 AM

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Wiz Electronics sells computers. During May 2009, it sold 500 computers at a $1,000 average price each.

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1 2 Interpretation The 25000 favorable sales price variance implies it sold computers for a higher ...View the full answer

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