## Answers

Ans. A | Revenue price variance = (Actual price - Planned price) * Actual quantity sold | |||

($144 - $150) * 12,900 | ||||

-$6 * 12,900 | ||||

-$77,400 | (or $77,400 unfavorable) | |||

Ans. B | Revenue volume variance = (Actual units - Planned units) * Planned price | |||

(12,900 - 12,500) * $150 | ||||

400 * $150 | ||||

$60,000 | favorable | |||

Ans. C | Total revenue variance = Actual sales - Planned sales | |||

$1,857,600 - $1,875,000 | ||||

-$17,400 | (or $17,400 unfavorable) | |||

*If Actual sales price, volume and total sales are higher than planned then the variance becomes favorable. | ||||

*If Actual sales price, volume and total sales are less than planned then the variance becomes unfavorable. | ||||

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