Revenue variances Rockport Industries Inc. gathered the following data for March: Planned Actual Sales price per unit $144 Number of units of sales x 12,900 Total sales $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. $150 x 12,500 b. Compute the revenue volume variance. c. Compute the total revenue variance.
Revenue variances Rockport Industries Inc. gathered the following data for March: Planned Actual Sales price per unit $144 Number of units of sales x 12,900 Total sales $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. $150 x 12,500 b. Compute the revenue volume variance. c. Compute the total revenue variance.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 22E
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