Revenue variancesDickinsen Company gathered the following data forDecember:Sales price per unitNumber of units of salesTotal salesPlannedActual$5.80$6.00x 820,000x 805,000$4,756,000 $4,830,000Enter a favorable variance as a negative number using aminus sign and an unfavorable variance as a positivenumber.a. Compute the revenue price variance.b. Compute the revenue volume variance.c. Compute the total revenue variance.

Variance Analysis examines differences between a company's estimated and actual business…

Revenue variances Dickinsen Company gathered the following data for December: Sales price per unit Number of units of sales Total sales Planned Actual $5.80 $6.00 x 820,000 x 805,000 $4,756,000 $4,830,000

Revenue variances Dickinsen Company gathered the following data for December: Sales price per unit Number of units of sales Total sales Planned Actual $5.80 $6.00 x 820,000 x 805,000 $4,756,000 $4,830,000

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter23: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 23E: Dickinsen Company gathered the following data for December: a.Compute the revenue price variance....

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Question

Revenue variances
Dickinsen Company gathered the following data for
December:
Sales price per unit
Number of units of sales
Total sales
Planned
Actual
$5.80
$6.00
x 820,000
x 805,000
$4,756,000 $4,830,000
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.

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