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There are two reasons actual sales can vary from planned sales: either the volume sold varied from the expected quantity, known as sales volume variance, or the price point at which units were sold differed from the expected price points, known as sales price variance. Both scenarios could also simultaneously contribute to the variance.
Variance analysis can be carried out for both costs and revenues. Variance analysis is usually associated with explaining the difference (or variance) between actual costs and the standard costs allowed for the good output. For example, the difference in materials costs can be divided into a materials price variance and a materials usage variance.
When a company sells more than one type of product, the product mix (the ratio of each product to total sales) will remain constant. The components of CVP analysis are: Level or volume of activity. Unit selling prices; Variable cost per unit; Total fixed costs; Manpower Cost Direct and indirect
A product's average price is the result of dividing the product's total sales revenue by the total units sold. When one product is sold in variants, such as bottle sizes, managers must define "comparable" units. Average prices can be calculated by weighting different unit selling prices by the percentage of unit sales (mix) for each product ...
US and North American same-store sales dropped 6% in its latest quarter, while adjusted earnings per share plunged 24%. Year to date, the stock is up only 3%, compared to 23% for the S&P 500 . ...
Price variance (Vmp) is a term used in cost accounting which denotes the difference between the expected cost of an item (standard cost) and the actual cost at the time of purchase. [1] The price of an item is often affected by the quantity of items ordered, and this is taken into consideration.
Image source: The Motley Fool. Kroger (NYSE: KR) Q3 2024 Earnings Call Dec 05, 2024, 10:00 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call ...
Dollar Tree's same-store sales are up 1.8% from a year ago, beating the 1.38% expected, boosted by an increase in the average ticket and a 1.5% uptick in foot traffic. Its revenue of $7.56 billion ...