(SOLVED) The data below relate to Macquarie Ltd for the month


Question Description:

$20

The data below relate to Macquarie Ltd for the month of June:
____________________________________ Static budget _______________ Actual
Units sold ………………………………………. 10 000 ………………………..9 000
Sales revenue ………………………………….. $120 000 ………………….. $103 500
Variable manufacturing cost …………………….40 000 ……………………… 36 000
Fixed manufacturing cost ……………………… 20 000 ……………………… 20 000
Variable selling and administrative expenses …. 10 000 ……………………….. 9 000
Fixed selling and administrative expenses …….. 10 000 ……………………… 10 000
Required:
Calculate the sales price and sales volume variances for June?

Answer

$20