FIN - winding creek general store

Presented is information pertaining to an item sold by winding creek general store:

............................................................................Actual.....................Budget

Unit Sales..............................................................150..........................125

Unit Selling Price.....................................................$26.00.....................$25.00

Unit Standard Variable Costs....................................(20)...........................(20)

Unit contribution margin.........................................$6.00.........................$5.00

Revenues..................................................................$3900.......................$3125

Standard Variable Costs..............................................(3000).......................(2500)

Contribution margin at standard costs......................$900.........................$625

Required: Compute the revenue, sales price and the sales volume variances.