Vulcan Supplements makes fuel additives for use in motor racing and uses a standard costing system to monitor both sales

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Vulcan Supplements Makes Fuel Additives For Use In Motor Racing And Uses A Standard Costing System To Monitor Both Sales 1 (57.32 KiB) Viewed 19 times

Vulcan Supplements makes fuel additives for use in motor racing and uses a standard costing system to monitor both sales and production costs to evaluate performance. The budgeted sales data for the past month when 44,000 litres of product was sold: Budgeted sales: Budgeted unit sell price: $47.00 Budgeted unit variable costs: $35.25 Budgeted unit contribution margin: $11.75 Budgeted sales volume/quantity 40,000 Actual Sales data: Total revenue: $1,964,600 44000 Total units sold: Required: Calculate the Sales Volume Variance Note: You MUST indicate whether the variance is Unfavourable or Favourable by entering either a U or an F after entering a positive number as the variance. e.g. If you wish to enter 1000 as the variance and it is favourable, enter 1000F (use upper case letters) Answer: