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Compute the revenue and sales price

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Reference no: EM133168051

Question - Presented is information pertaining to an item sold by Wheeping Creek General Store:

 

Actual

Budget

Unit sales

650

600

Unit selling price

$ 38

$ 40

Unit standard variable costs

31

32

Unit contribution margin

$ 7

$ 8

Revenues

$ 24,700

$ 24,000

Variable costs

21,150

19,200

Contribution margin at standard costs

$ 4,550

$ 4,800

Required - Compute the revenue, sales price, and the sales volume variances.

Reference no: EM133168051

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