Find the best answers to your questions at Westonci.ca, where experts and enthusiasts provide accurate, reliable information. Get detailed and accurate answers to your questions from a community of experts on our comprehensive Q&A platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

Clementine Company makes skateboards. They prepare master and flexible budgets and then perform variance analysis after the budget plan period elapses. Their data is as follows: Budget Actual Selling price per unit $96 $104 Variable cost per unit $52 $55 Quantity sold 996 1,024 What is the Clementine's volume variance for SALES? If the variance is unfavorable put a minus sign in front of your answer. Enter your answer without commas or decimals.

Sagot :

Answer:

See below

Explanation:

Sales volume variance is the difference between Budgeted quantity and actual quantity sold, multiplied by the standard profit margin. Standard profit margin is the excess of Budgeted selling price over actual selling price

Therefore,

Clementine's sales volume variance

= (BQ - AQS) × Standard profit margin

= (996 - 1,024) × ($96 - $52)

= -28 × -$44

= $1,232 F