Calculate the growth and price and productivity variances

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Reference no: EM132749960

Variance Analysis Lionel Train Company has the following information for this year and next year.

Current Next

Year Year

Trains purchased 40,000 48,000

Trains scrapped in production 4,000 3,000

Trains sold 36,000 45,000

Average Selling Price $150.00 $140.00

Average Cost per Train $100.00 $ 90.00

Problem 1: Calculate the Growth, Price and Productivity variances for next year.

Reference no: EM132749960

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