Answer:
Sales price variance= $10,596.6 unfavorable
Explanation:
Giving the following information:
The following static budget based on sales of 1,820 kits was prepared for the year.
Sales $87,000
Assume that Concord Sports sold 1,827 volleyball kits during the year for $42 per kit.
First, we need to calculate the standard selling price:
Standard selling price= 87,000/1,820= $47.80
The sales price variance is calculated as follow:
Sales price variance= actual sales revenue - actual sales at the standard price
Sales price variance= (1,827*42) - (1,827*47.8)= $10,596.6 unfavorable