The following information pertains to an item sold by Boyd Company:
Required:
a. Determine the sales price variance.
b. Determine the sales volume variance.
c. Reconcile the difference between budgeted and actual revenues using the sales variances computed in requirements a and b.
d. Compute the net sales volume variance.
e. Determine the total contribution margins for budgeted and actual volumes using standard costs.

Question

The following information pertains to an item sold by Boyd Company:
  Required:
a. Determine the sales price variance.
b. Determine the sales volume variance.
c. Reconcile the difference between budgeted and actual revenues using the sales variances computed in requirements a and b.
d. Compute the net sales volume variance.
e. Determine the total contribution margins for budgeted and actual volumes using standard costs.

Quizplus · Accepted Answer

The Answer of The following information pertains to an item sold by Boyd Company:
  Required:
a. Determine the sales price variance.
b. Determine the sales volume variance.
c. Reconcile the difference between budgeted and actual revenues using the sales variances computed in requirements a and b.
d. Compute the net sales volume variance.
e. Determine the total contribution margins for budgeted and actual volumes using standard costs.

The Following Information Pertains to an Item Sold by Boyd