Alaska Company expressed the total expenses (Y) component of its master budget for February with the cost formula Y = $100,000 + $40*X, where X represents the expected number of units of its only product to be manufactured and sold. The budgeted average selling price per unit was $65 for budgeted sales volume 5,000 units. Reported actual results for February were as follows:
-What was the sales volume variance for February?
Definitions:
Break-even Price
The price level at which revenues equal costs, resulting in neither profit nor loss.
Overhead Expenses
Costs not directly tied to the production of goods or services, such as rent, utilities, and administrative salaries.
Operating Profit
Earnings of a business before interest and taxes are deducted.
Rate of Mark-up
A pricing strategy calculation, expressed as a percentage, indicating how much higher a product's selling price is compared to its cost to produce or purchase.
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