In early 2017, Coppelli Inc. had budgeted for the production and sale of 22 000 units....
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In early 2017, Coppelli Inc. had budgeted for the production and sale of 22 000 units. The standard sales price and variable cost per unit were budgeted to be $8.00 and $4.00, respectively. Actual sales for 2017 totalled 67 500 units, and the actual sales price and variable cost per unit were $8.60 and $4.30, respectively. Both budgeted and actual fixed costs were $50 000.
What was Coppelli’s sales price variance for 2017?
$11 000 U
$40 500 F
$40 500 U
$11 000 F
Homework Answers
Sales price variance = (Actual Price - Standard Price) * Actual Sales in units
= ($8.60 - $8) * 67500
= $0.60 * 67500
= $40500 (F)
Second option is correct
Note: Since actual selling price is greater than standard selling price, sales price variance is favorable.
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