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If a company has a budgeted sales of $500,000 and actual sales of $450,000, what
If a company has a budgeted sales of $500,000 and actual sales of $450,000, what is the sales variance?
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Q1
If a company has a budgeted sales of $500,000 and actual sales of $450,000, what is the sales variance?
$50,000 Favorable
$50,000 Unfavorable
$100,000 Favorable
$100,000 Unfavorable
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Sales variance = Actual Sales - Budgeted Sales = $450,000 - $500,000 = -$50,000, which is Unfavorable.
Questions & Step-by-step Solutions
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Q: If a company has a budgeted sales of $500,000 and actual sales of $450,000, what is the sales variance?
Solution:
Sales variance = Actual Sales - Budgeted Sales = $450,000 - $500,000 = -$50,000, which is Unfavorable.
Steps: 5
Show Steps
Step 1: Identify the budgeted sales amount, which is $500,000.
Step 2: Identify the actual sales amount, which is $450,000.
Step 3: Calculate the sales variance by subtracting the budgeted sales from the actual sales: $450,000 - $500,000.
Step 4: Perform the subtraction: $450,000 - $500,000 = -$50,000.
Step 5: Determine if the variance is favorable or unfavorable. Since the result is negative (-$50,000), it is unfavorable.
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