Mia Wiz sells computers. During May, it sold 500 computers at a $1,000 per unit...
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Accounting
Mia Wiz sells computers. During May, it sold 500 computers at a $1,000 per unit price. The fixed budget for May predicted sales of 550 computers at an per unit price of $960.
AQ = Actual Quantity
SQ = Standard Quantity
AP = Actual Price
SP = Standard Price
1&2. Compute the sales price variance and the sales volume variance for May. Identify it as favorable or unfavorable.
Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.
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