Given planning budget revenue of $284,000, actual revenue of $275,000, and flexible budget revenue of $290,000, there is a(n) (1) activity variance.
A product's sales volume variance is calculated by multiplying the difference between its actual and budgeted sales quantities by the average profit, contribution, or revenue per unit. The metric is a gauge of sales performance based on the financial impact of either exceeding or failing to meet your budgeted sales.
Sales volume variance can be considered favorable or unfavorable. Unfavorable variances refer to instances when costs are higher than your budget estimated they would be.
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