Oxford Co Produces and Sells Two Lines of T-Shirts, Classic and and Mod

Essay

Oxford Co. produces and sells two lines of t-shirts, Classic and Mod. Oxford provides the following data. Compute the sales price and the sales volume variances for each product.
$$\begin{array} { l | l | l } & \text { Budget } & \text { Actual } \\\hline \text { Unit sales price } - \text { Classic } \ldots & \$ 15 & \$ 16 \\\hline \text { Unit sales pric e-Mod } \ldots \ldots & \$ 20 & \$ 19 \\\hline \text { Unit sales-Clas sic } \ldots \ldots \ldots \ldots & 2,400 & 2,500 \\\hline \text { Unit sal es-Mod } \ldots \ldots \ldots \ldots \ldots & 2,000 & 1,900\end{array}$$