Mathematics · Cost Accounting
Seattle Co uses variance analysis to control costs and revenues. Information concerning sales is as follows: - Budgeted selling price: $15 per unit - Budgeted sales units: 10,000 units - Budgeted profit per unit: $5 per unit - Actual sales revenue: $151,500 - Actual units sold: 9,800 units What is the sales volume profit variance?
- 1$3,000 Adverse
- 2$1,000 Adverse✓
- 3$1,000 Favourable
- 4$500 Favourable
Correct answer
$1,000 Adverse
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