Comp Wiz sells computers. In May 2017, it sold 500 computers at a $900 average price each. The May 2017 fixed budget included sales of 550 computers at an average price of $880 each.
AQ = Actual Quantity
SQ = Standard Quantity
AP = Actual Price
SP = Standard Price
(1) Compute the sales price variance and the sales volume variance for May 2017.
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Item 10
Item 10 10 points
Exercise 23-23 Computing and interpreting sales variances LO A1
Comp Wiz sells computers. During May 2017, it sold 500 computers at a $900 average price each. The May 2017 fixed budget included sales of 550 computers at an average price of $880 each.
AQ = Actual Quantity
SQ = Standard Quantity
AP = Actual Price
SP = Standard Price
(1) Compute the sales price variance and the sales volume variance for May 2017.