Sales price variance and sales volume variance

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Reference no: EM131993684

Sales Price Variance, Sales Volume Variance, Overall Sales Variance

Saginaw Company is a garden products wholesale firm. In December, Saginaw Company expects to sell 23,000 bags of vegetable fertilizer at an average price of $5.6 per bag. Actual results are 23,700 bags sold at an average price of $5.5 per bag.

Required:

1. Calculate the sales price variance for December.

Favorable or Unfavorable?

2. Calculate the sales volume variance for December.

Favorable or Unfavorable?

3. Calculate the overall sales variance for December.

Favorable or Unfavorable

4. What if December sales were actually 22,800 bags calculate the new sales price variance?

Favorable or Unfavorable?

The sales volume variance?

$ -

Favorable or Unfavorable?

The overall sales variance?

Favorable or Unfavorable?

Reference no: EM131993684

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