Threadz is the primary provider of spirit apparel for many high schools. Management has been evaluating two of its key products for changes in selling price and sales volume in comparison to expectation: the quarter-zip jacket and the hooded sweatshirt. Threadz' expectations and actual results were as follows. Quarter-zip Sweatshirt Budgeted Sales Volume Actual Sales Volume Budgeted Selling Price Actual Selling Price Budgeted Variable Unit Cost 400 450 $40 $42 $25 600 550 $50 $48 $30 Actual variable costs equaled the flexible budget variable costs. How much was Threadz' sales mix variance this year? How much was the company's sales quantity variance? $ Sales mix variance 50 Unfavorable Sales quantity variance $ 0 Neither Favorable nor Unfavorable
Threadz is the primary provider of spirit apparel for many high schools. Management has been evaluating two of its key products for changes in selling price and sales volume in comparison to expectation: the quarter-zip jacket and the hooded sweatshirt. Threadz' expectations and actual results were as follows. Quarter-zip Sweatshirt Budgeted Sales Volume Actual Sales Volume Budgeted Selling Price Actual Selling Price Budgeted Variable Unit Cost 400 450 $40 $42 $25 600 550 $50 $48 $30 Actual variable costs equaled the flexible budget variable costs. How much was Threadz' sales mix variance this year? How much was the company's sales quantity variance? $ Sales mix variance 50 Unfavorable Sales quantity variance $ 0 Neither Favorable nor Unfavorable
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter3: Data Visualization
Section: Chapter Questions
Problem 21P
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