Actual sales revenue is 17.6% higher than budgeted. Actual sales price is 2% lower than...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Actual sales revenue is 17.6% higher than budgeted. Actual sales price is 2% lower than budgeted. Actual sales volume in units is 20% higher than budgeted. Actual input quantity per unit is 10% higher than budgeted. Actual input price is 1% lower than budgeted. Which of the following statements is true: Sales price variance is favorable and input price variance is unfavorable Sales price variance is favorable and input price variance is favorable Sales price variance is unfavorable and input price variance is favorable Not enough information - need to know the revenue budget and the cost budget Sales price variance is unfavorable and input price variance is unfavorable
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
