1. Calculate the overall sales variance for December
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Sales Price Variance, Sales Volume Variance, Overall Sales Variance
Holland Company is a garden products wholesale firm. In December, Holland Company expects to sell 58,000 bags of vegetable fertilizer at an average price of $5.20 per bag. Actual results are 58,600 bags sold at an average price of $5.10 per bag.
1. Calculate the overall sales variance for December
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- Rosenberry Company computed the following revenue variances for January: Revenue price variance (350,000) Favorable Revenue volume variance50,000 Unfavorable Assuming that the planned selling price per unit was 10 and that actual sales were 175,000 units, determine the following: a. Actual selling price of January. b. Planned number of units that were to be sold in January.Lowell Manufacturing Inc. has a normal selling price of 20 per unit and has been selling 125,000 units per month. In November, Lowell Manufacturing decided to lower its price to 19 per unit expecting it can increase the units sold by 16%. a. Compute the normal revenue with a 20 selling price. b. Compute the planned revenue with a 19 selling price. c. Compute the actual revenue for November, assuming 135,000 units were sold in November at 19 per unit. d. Compute the revenue price variance, assuming 135,000 units were sold in November at 19 per unit. e. Compute the revenue volume variance, assuming 135,000 units were sold in November at 19 per unit. f. Analyze and interpret the lowering of the price to 19.Sales Price Variance, Sales Volume Variance, Overall Sales Variance Saginaw Company is a garden products wholesale firm. In December, Saginaw Company expects to sell 22,000 bags of vegetable fertilizer at an average price of $5.50 per bag. Actual results are 22,750 bags sold at an average price of $5.40 per bag. Required: 1. Calculate the sales price variance for December.$fill in the blank 1 2. Calculate the sales volume variance for December.$fill in the blank 3 3. Calculate the overall sales variance for December.$fill in the blank 5 4. What if December sales were actually 21,800 bags? How would that affect the sales price variance? by $fill in the blank 8 The sales volume variance?$fill in the blank 9 The overall sales variance?$fill in the blank 11
- Sales Price Variance, Sales Volume Variance, Overall Sales Variance Saginaw Company is a garden products wholesale firm. In December, Saginaw Company expects to sell 22,000 bags of vegetable fertilizer at an average price of $5.50 per bag. Actual results are 22,750 bags sold at an average price of $5.40 per bag. What if December sales were actually 21,800 bags? How would that affect the sales price variance? by $fill in the blank 8 The sales volume variance?$fill in the blank 9 The overall sales variance?$fill in the blank 11Sales Price Variance, Sales Volume Variance, Overall Sales Variance Saginaw Company is a garden products wholesale firm. In December, Saginaw Company expects to sell 26,000 bags of vegetable fertilizer at an average price of $5.40 per bag. Actual results are 26,800 bags sold at an average price of $5.30 per bag. What if December sales were actually 25,800 bags? How would that affect the sales price variance?Decreases by $fill in the blankWoodruff Flowering Plants provides the following information for the month of May: Actual Sales in units Contribution margin per unit For May, Woodruff will report a(n) OA. favorable sales - mix variance B. favorable market share variance OC. unfavorable market share variance D. unfavorable sales - mix variance Fuchsia 21,000 $22 Dogwood 4.500 $19 C Fuchsia Budget 18,000 $23 Dogwood 3,200 $18
- Revenue variances Rockport Industries Inc. gathered the following data for March: Sales price per unit Number of units of sales Total sales Planned $150 x 12,500 Actual $144 x 12,900 $1,875,000 $1,857,600 Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Compute the revenue price variance. b. Compute the revenue volume variance. $ c. Compute the total revenue variance.Holland Company is a garden products wholesale firm. In December, Holland Company expects to sell 84,000 bags of vegetable fertilizer at an average price of $8.75 per bag. Actual results are 85,000 bags sold at an average price of $8.50 per bag. REQUIRED: 1. Calculate the sales price variance for December. 2. Calculate the sales volume variance for December. 3. Calculate the overall sales variance for December. Explain why it is favorable or unfavorable. What if December sales were actually 83,500 bags? How would that affect the sales price variance? The sales volume variance? The overall sales variance?Dickinsen Company gathered the following data for December: Planned Actual Sales price per unit Number of units of sales $5.80 x 820,000 $4,756,000 $6.00 x 805,000 $4,830,000 Total sales a. Compute the revenue price variance. b. Compute the revenue volume variance. c. Compute the total revenue variance.
- Archoid's Flowering Plants provides the following information for the month of May: Actual Sales in units Contribution margin per unit For May, the company will report a(n). A. unfavorable sales - mix variance B. unfavorable market-share variance C. favorable market-share variance D. favorable sales-mix variance Tulips 4,420 $15 Geraniums Tulips Budget 4,200 $19 (Round any intermediary calculations two decimal places.) 4,950 $10 Geraniums 3,300 $22Revenue variances Lowell Manufacturing Inc. has a normal selling price of $20 per unit and has been selling 125,000 units per month. In November, Lowell Manufacturing decided to lower its price to $19 per unit expecting it can increase the units sold by 16%. a. Compute the normal revenue with a $20 selling price. b. Compute the planned revenue with a $19 selling price. c. Compute the actual revenue for November, assuming 135,000 units were sold in November at $19 per unit. d. Compute the revenue price variance, assuming 135,000 units were sold in November at $19 per unit. e. Compute the revenue volume variance, assuming 135,000 units were sold in November at $19 per unit. f. Analyze and interpret the lowering of the price to $19. Decreasing the selling price to $19 did total revenue, but it did not the revenues by 16% as planned.Revenue variances Lowell Manufacturing Inc. has a normal selling price of $20 per unit and has been selling 125,000 units per month. In November, Lowell Manufacturing decided to lower its price to $19 per unit expecting it can increase the units sold by 16%. a. Compute the normal revenue with a $20 selling price. b. Compute the planned revenue with a $19 selling price. c. Compute the actual revenue for November, assuming 135,000 units were sold in November at $19 per unit. d. Compute the revenue price variance, assuming 135,000 units were sold in November at $19 per unit. e. Compute the revenue volume variance, assuming 135,000 units were sold in November at $19 per unit. f. Analyze and interpret the lowering of the price to $19. Decreasing the selling price to $19 did v total revenue, but it did not v the revenues by 16% as planned.
