Exercise $23-26($Algo$)$ Computing sales variances LO A$1$

Mia Wiz sells computers. During May, it sold $500$ computers at a $$1,000$ per unit price. The fixed budget for May predicted sales of $550$

computers at an per unit price of $$960.$

$AQ=$ Actual Quantity

$SQ=$ Standard Quantity

$AP=$ Actual Price

$SP=$ Standard Price

$1$&$2.$ Compute the sales price variance and the sales volume variance for May. Identify it as favorable or unfavorable.

Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.