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Compute the sales price variance and sales volume variance

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Question

Comp Wiz sells computers. During May, it sold 400 computers at a $900 average price each. The May fixed budget included sales of 450 computers at an average price of $870 each.

AQ = Actual Quantity

SQ = Standard Quantity

AP = Actual Price

SP = Standard Price

Compute the sales price variance and the sales volume variance for May. Classify it as favorable or unfavorable.

Reference no: EM132406719

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