*Actual hours are equal to standard hours for units produced.
-Planned sales are 10,000 units at $7.00 per unit. Actual sales are 11,000 units at $6.50 per unit. Which of the following statements is not true?
A)The revenue price variance is unfavorable.
B)The revenue volume variance is favorable.
C)The total revenue variance is unfavorable.
D)The revenue volume variance is $7,000.

Question

​  
*Actual hours are equal to standard hours for units produced.​
-Planned sales are 10,000 units at $7.00 per unit. Actual sales are 11,000 units at $6.50 per unit. Which of the following statements is not true?
A)The revenue price variance is unfavorable. 
B)The revenue volume variance is favorable. 
C)The total revenue variance is unfavorable. 
D)The revenue volume variance is $7,000.

Quizplus · Accepted Answer

The total revenue variance is favorable because actual sales revenue ($71,500) is higher than planned sales revenue ($70,000).

​ *Actual Hours Are Equal to Standard Hours for Units Produced.​

*Actual Hours Are Equal to Standard Hours for Units Produced.