Question: Corner Stone Exercise 18.19 (Complete required 1, and 2) Life-Cycle Pricing, Sales Price and Sales Volume Variances Data for Torleson Company are as follows: Budgeted

Corner Stone Exercise 18.19 (Complete required 1, and 2)

Life-Cycle Pricing, Sales Price and Sales Volume Variances Data for Torleson Company are as follows:

Budgeted price $15.00

Actual price $14.80

Budgeted quantity 1,450

Actual quantity sold 2,500

Required:

1. Calculate the sales price variance.

2. Calculate the sales volume variance.

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