Sales Variances Assume that Casio Computer Company, LTD. sells G-Shock for $50 during...
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Sales Variances Assume that Casio Computer Company, LTD. sells G-Shock for $50 during August as a back-to-school special. The normal selling price is $100. The standard variable cost for each device is $35. Sales for August had been budgeted for 500,000 units nationwide; however, due to the uptick in the economy, sales came in at 525,000.
Compute the revenue, sales price, sales volume, and net sales volume variances. Hint: Compute the variances using the normal selling price as the standard.
Revenue variance
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Sales price variance
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Sales volume variance
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Net sales volume variance
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