Page 403 - F2 - MA Integrated Workbook STUDENT 2018-19

Standard costing

Test your understanding 4

The sales variances for the period are:

Sales price variance $13,650 A F

Sales volume contribution variance $2,500 A F

Sales price variance $

They did sell for 257,400
Units sold should have sold for 19,500 × $12.50 243,750

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Sales price variance 13,650 F

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Sales volume variance

Actual sales volume 19,500
Budgeted sales volume $250,000 / $12.50 20,000

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Sales volume variance (units) 500 A

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Standard contribution (MC) or standard profit (AC) per unit × $5

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Sales volume variance $2,500 A

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