Business, 13.05.2021 20:10 jasmelynn16

Peterson, Inc., manufactures and sells three products: A, B, and C. In January, Peterson, Inc., budgeted sales of the following. Budgeted VolumeBudgeted Price Product A120,000$40 Product B150,00015 Product C20,00020 At the end of the year, actual sales for Product A and Product B were $4,580,000 and $2,415,000 respectively. The actual price charged for each was equal to the budgeted price. Product C, however, had revenues of $500,000. While total revenue was higher than expected, the actual price of $10 represented a last-minute revision from budget to increase consumer acceptance of the product. Required: Calculate the sales price variance and price volume variance for each of the three products based on the original budget.

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Peterson, Inc., manufactures and sells three products: A, B, and C. In January, Peterson, Inc., budg...