Knowee
Questions
Features
Study Tools

If actual sales revenue was $65 350 for the month, whereas budgeted sales revenue was $68 500, the sales variance is:Group of answer choicesnot able to be determined because cost of sales figures are not given.an unfavourable variance of $3150.a favourable variance of $3150.zero.

Question

If actual sales revenue was 65350forthemonth,whereasbudgetedsalesrevenuewas65 350 for the month, whereas budgeted sales revenue was 68 500, the sales variance is:Group of answer choicesnot able to be determined because cost of sales figures are not given.an unfavourable variance of 3150.afavourablevarianceof3150.a favourable variance of 3150.zero.

🧐 Not the exact question you are looking for?Go ask a question

Solution

The sales variance is calculated by subtracting the actual sales revenue from the budgeted sales revenue. In this case, the calculation would be 68,500(budgetedsalesrevenue)68,500 (budgeted sales revenue) - 65,350 (actual sales revenue) = $3,150.

Because the actual sales revenue is less than the budgeted sales revenue, this is considered an unfavorable variance. Therefore, the answer is: an unfavorable variance of $3,150.

This problem has been solved

Similar Questions

Fill in the Blank QuestionFill in the blank question.Actual sales volume for a period is 5,000 units. Budgeted sales volume is 4,500. Actual selling price per unit is $15 and budgeted price per unit is $15.75. The sales price variance is $.

A flexible budget performance report indicates a sales variance of $200 unfavorable. The variance was likely caused by:Multiple choice question.selling units for less than the budgeted priceselling more units than budgetedselling units for more than the budgeted price

The fixed budget indicates sales of $50,000. Actual sales were $55,000. The variance is:

Nodefect Inc. manufactures family cars. Below is the static budget and actual results for last year. What is the total sales-volume variance for last year?  Static budget Actual resultsUnits sold 650 700Sales price per unit $27,999 $28,999Variable manufacturing cost per unit $21,950 $22,850Contribution margin (in total) $3,931,850 $4,304,300Fixed manufacturing costs $2,805,000 $2,857,200Operating profit $1,126,850 $1,447,100

A company had a standard sales price of $1.79 per unit and expected to sell 10,000 units. Due to a downturn in the economy, the product was marked down to $1.59 per unit and the company only sold 9,500 units. Calculate the sales price variance.Multiple choice question.$1,900 U$2,000 F$2,000 U$1,900 F

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.