Shirt Fantasy Produces and Sells Two Types of Tee Shirts

Essay

Shirt Fantasy produces and sells two types of tee shirts Fancy and Plain. Shirt Fantasy provides the following data:
$$\begin{array} { | l | l | l | } \hline & \text { Budpgt } & \text { Actual } \\\hline \text { Unit sales price-Fancy } & \$ 24 & \$ 25 \\\hline \text { Unit sales price-Plain } & \$ 18 & \$ 17 \\\hline \text { Unit siles-Fancy } & 1,300 & 1,250 \\\hline \text { Unit sales-Plain } & 900 & \$ 75 \\\hline\end{array}$$
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Using the format below, compute the flexible budget variance for Fancy tee shirts for sales revenue only.