Question: Comp Wiz sells computers. During May 2017, it sold 300 computers at a $1,000 average price each. The May 2017 fixed budget included sales of

Comp Wiz sells computers. During May 2017, it sold 300 computers at a $1,000 average price each. The May 2017 fixed budget included sales of 350 computers at an average price of $960 each. AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price (1) Compute the sales price variance and the sales volume variance for May 2017.

Comp Wiz sells computers. During May 2017, it sold 300 computers at

Flexible Budget Actual Sales Budgeted Sales AQ AQ SP SQ SP AP 300x 300x Sales price variance 0 Favorable Sales volume variance 0 Unfavorable nfavorable Total sales variance

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