Calculate the sales variance and sales volume for the period

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Question - Preparing Common-Size Income Statements by Using Base Period Horizontal Analysis

Scherer Company provided the following income statements for its first 3 years of operation:

W Ltd has budgeted sales of 650 units but actually sold only 600 units. Its standard cost card is as follows:

Direct material $50

Direct wages $16

Variable overhead $8

Fixed cost $38

Total Standard cost 110

Standard gross profit 10

Standard selling price 120

Actual selling price 122

Required - Calculate the sales variance and sales volume for the period. Using the absorption costing method.

Reference no: EM133183706

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