Sweet Tooth Candy Company sells candy boxes for local fundraisinggroups. Here are the actual and budgeted results
Question:
Sweet Tooth Candy Company sells candy boxes for local fundraisinggroups. Here are the actual and budgeted results for a local fundraiser:
Sweet Tooth Candy Company Data
Actual number of boxes sold 1,000
Budgeted number of boxes to be sold 900
Actual average selling price per box $5.00
Budgeted average selling price per box $4.80
Actual average variable cost per box $3.00
Budgeted average variable cost per box$3.20
Compute the following and match the correct results to each.
- Total revenue variance
- Revenue price variance
- Revenue volume variance
- Total variable cost variance
- Variable cost price variance
- Variable cost volume variance
a. $120 Favorable
b. $120 Unfavorable
c. $180 Favorable
d. $180 Unfavorable
e. $200 Favorable
f. $200 Favorable
g. $300 Favorable
h. $300 Unfavorable
i. $480 Favorable
j. $480 Unfavorable
k. $680 Favorable
l. $680 Unfavorable
m. None of these choices
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac