The Sales Department of Porcelain Works is responsible for sales of two figurines. One is called “Elegant Maiden” and the other is called “Summer Memories.” For April 2001, the Sales Department’s actual and budgeted sales were as follows:
|
ELEGANT MAIDEN |
SUMMER MEMORIES |
|||
|
Dollars |
Units |
Dollars |
Units |
|
|
Budgeted sales |
$10,000 |
1,000 |
$15,000 |
3,000 |
|
Actual sales |
9,000 |
750 |
15,750 |
3,500 |
For April 2001, compute each of the following for the Sales Department of Porcelain Works:
a. Price variance
b. Mix variance
c. Volume variance