Sales variance
Not what you're looking for?
5. (Sales Variances) William Wong manages the marketing department at Festive Figurines Limited. He is evaluated based on his ability to meet budgeted revenues. For May 2008, his revenue budget was as follows:
Price Per Unit Unit Sales
Daniel Boone $240 1,600
Funny Bunny 130 2,150
Barbie Doll 160 4,200
The actual sales generated by the marketing department in May were as follows:
Price Per Unit Total Sales Dollars
Daniel Boone $230 $391,000
Funny Bunny 140 282,800
Barbie Doll 150 622,500
Required:
a) For May 2008, compute the sales price variance for Festive Figures for each product.
b) For May 2008, compute the sales volume variance for Festive Figures
Assuming that the variances you computes in parts (a) and (b) are controllable by William Wong, discuss what actions he may have taken to cause results to deviate from budgeted results.
Purchase this Solution
Solution Summary
The answer contains the computation of sales variances.
Purchase this Solution
Free BrainMass Quizzes
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.
Business Processes
This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.