Business, 16.03.2020 17:36, stuckonquestions
Concord Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 1,820 kits was prepared for the year. Fixed operating expenses account for 73% of total operating expenses at this level of sales.
Sales $87,000
Cost of goods sold (all variable) 52,200
Gross margin 34,800
Operating expenses 30,450
Operating income $ 4,350
Assume that during the year Concord Sports actually sold 1,827 volleyball kits during the year at a price of $42 per kit.
Calculate the sales price variance.
Answers: 1
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Concord Sports sells volleyball kits that it purchases from a sports equipment distributor. The foll...
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