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Problem:

Assume that Casio Computer Company LTD. sells handheld communication devices for $110 during August as a back-to-school special. The normal selling price is $150. The standard variable cost for each device is $70. Sales for August had been budgeted for 400,000 units nationwide; however, due to the slowdown in the economy, sales were only 350,000.

Required:

Question: Compute the revenue, sales price, sales volume variance, and net sales volume variance.

Note: Please show how you came up with the solution.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91165711

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