Question: The data below relate to Macquarie Ltd for the month of June: ______________________ Static budget _ Actual Units sold .............................................. 10 000 .............................9 000 Sales

The data below relate to Macquarie Ltd for the month of June:

____________________________________ Static budget _______________ Actual

Units sold .............................................. 10 000 .............................9 000

Sales revenue ......................................... $120 000 ....................... $103 500

Variable manufacturing cost .........................40 000 ........................... 36 000

Fixed manufacturing cost ........................... 20 000 ........................... 20 000

Variable selling and administrative expenses .... 10 000 ............................. 9 000

Fixed selling and administrative expenses ........ 10 000 ........................... 10 000

Required:

Calculate the sales price and sales volume variances for June?

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