A company produces 3 products with the following budget information available:

ABC

Sales GH14GH15GH18

Standard full costGH10GH10GH13

Budget Production10,000 units13,000 units9,000 units

The actual sales price and production were:

ABC

Sales price GH14.5GH15.15GH19.00

Budget production9,500units13,500units8,500units

You are required to calculate:

i.The sales price variance.

ii.The sales volume profit variance.

iii.The sales mix variance profit.

iv.The sales quantity profit volume variance.

Answer rating: 100% (QA)

i Sales price variance Actual sales price Standard sales price x Actual production A GH145 GH... View the full answer