Question

RJM Enterprises is a manufacturer of consumer electronics products. The industry is very competitive, and RJM has seen its profits fall in recent years, including an operating loss of $16,328 last year. RJM was able to turn that around this year by aggressively cutting costs. The summarized financial results for RJM are shown below:

Answer 1

Answer: hello your question has some missing data attached below is the missing data

answer :

∑ Volume variance = $55272

∑ Sales price variance = $41944 ( F )

Explanation:

First step : prepare a flexible budget data for the current year using the formulae below

flexible budget = Actual units * Budgeted rate

and

Sales price variance = Actual - Budgeted data

Attached below is the Table showing the evaluation of sales price variance and volume variance