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:
$\begin{array}{|l|r|r|} \hline& \text { Budget } & \text { Actual } \\\hline \text { Unit sales price- Fancy } & \$ 24 & \$ 25 \\\hline \text { Unit sales price-Plain } & \$ 18 & \$ 17 \\\hline \text { Unit sales-Fancy } & 1,300 & 1,250 \\\hline \text { Unit sales-Plain } & 900 & 875 \\\hline\end{array}$
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Using the format below, compute the flexible budget variance for Plain tee shirts for sales revenue only.
$\begin{array}{|c|c|c|c|c|c|}\hline & \text { Actual } & \begin{array}{l}\text { Flexible } \\\text { Budget }\end{array} & \text { Flexible } & \text { Sales Volume } & \text { Static } \\\hline & \text { Results } & \text { Variance } & \text { Budget } & \text { Variance } & \text { Budget } \\\hline \text { Units/volume } & 875 & & & & 900 \\\hline \text { Sales revenue } & & & & & \\ \hline\end{array}$