Essay
The following information pertains to an item sold by Boyd Company:
Required:
a. Determine the sales price variance.
b. Determine the sales volume variance.
c. Reconcile the difference between budgeted and actual revenues using the sales variances computed in requirements a and b.
d. Compute the net sales volume variance.
e. Determine the total contribution margins for budgeted and actual volumes using standard costs.
Correct Answer:
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a. Sales price variance = ($420 - $400) ...View Answer
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Correct Answer:
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