Sales Price Variance, Sales Volume Variance, Overall Sales Variance Holland Company is a garden products...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Sales Price Variance, Sales Volume Variance, Overall Sales Variance Holland Company is a garden products wholesale firm. In December, Holland Company expects to sell 51,000 bags of vegetable fertilizer at an average price of $5.40 per bag. Actual results are 51,650 bags sold at an average price of $5.30 per bag.
Required:
1. Calculate the sales price variance for December. $____________ Unfavorable
2. Calculate the sales volume variance for December. $____________ Favorable
3. Calculate the overall sales variance for December.
$____________ Unfavorable
4. What if December sales were actually 50,800 bags? How would that affect the sales price variance?
Decrease
The sales volume variance?
Unfavorable
The overall sales variance?
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!
