Question - Sales variances
Assume that casio computer company ltd. , sells handheld communication devices for $110 during August as a back to school special. The normal selling price is $150. The standard variable cost for each device is $70. Sales for August had been budgeted for 400,000 units nationwide; however, due to the slowdown in economy, sales were only 350,000.
Required: Compute the revenue, sales price, sales volume variance, and net sales volume variance.