For the month of April, Tom and Lynda had forecasted gym membership at 950 members. Tom and
Question:
Actual results for April show membership at 975 members, revenues at $98,100, fixed costs at $43,000, and profit at $20,975.
Required:
Calculate the
(1) Sales volume variance,
(2) Sales price variance,
(3) Variable cost variance, and
(4) Fixed cost variance. Be sure to mark each variance as being favorable (F) or unfavorable (U).
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Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
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