McGrath's produces and sells two types of t-shirts—Fancy and Plain
The company provides the following data:
Budget Actual
Unit sales price-Fancy $24 $25
Unit sales price-Plain $18 $17
Unit sales-Fancy 1,300 1,250
Unit sales-Plain 900 875
Compute the flexible budget variance for Fancy t-shirts for sales revenue.
What will be an ideal response
Actual Results Flexible Budget
Variance Flexible Budget Sales Volume Variance Static Budget
Units 1,250 1,250 1,300
Sales Revenue $31,250 $1,250 F $30,000 $1,200 U $31,200
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