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In a variance analysis, what is the formula for calculating the sales volume var
In a variance analysis, what is the formula for calculating the sales volume variance?
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In a variance analysis, what is the formula for calculating the sales volume variance?
(Actual Sales - Budgeted Sales) * Budgeted Price
(Budgeted Sales - Actual Sales) * Actual Price
(Actual Sales - Budgeted Sales) * Actual Price
(Budgeted Sales - Actual Sales) * Budgeted Price
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Sales volume variance = (Actual Sales - Budgeted Sales) * Budgeted Price.
Questions & Step-by-step Solutions
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Q
Q: In a variance analysis, what is the formula for calculating the sales volume variance?
Solution:
Sales volume variance = (Actual Sales - Budgeted Sales) * Budgeted Price.
Steps: 5
Show Steps
Step 1: Identify the actual sales amount. This is how much you actually sold.
Step 2: Identify the budgeted sales amount. This is how much you planned to sell.
Step 3: Calculate the difference between actual sales and budgeted sales. This is Actual Sales - Budgeted Sales.
Step 4: Identify the budgeted price per unit. This is the price you expected to sell each unit for.
Step 5: Multiply the difference from Step 3 by the budgeted price from Step 4. This gives you the sales volume variance.
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