Athletes’ Friend, Inc., manufactures two products: baseball bats and gloves. For 2001, the firm budgeted the following:
|
Bats |
Gloves |
|
|
Sales |
$400,000 |
$600,000 |
|
Unit sales price |
40 |
30 |
At the end of 2001, managers were informed that total actual sales amounted to 35,000 units and totaled $1,225,000. Glove sales for the year amounted to 20,000 units at an average price of $35.
a. Compute the total revenue variance for 2001.
b. Compute the price variance for 2001.
c. Compute the mix variance for 2001.
d. Compute the volume variance for 2001.