In 2011 monarch aircraft company sold 36000 jet panels at, Financial Accounting

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In 2011 monarch aircraft company sold 36000 jet panels at

In 2011, Monarch Aircraft Company sold 36,000 jet panels at $8,000 per panel. In 2012, Monarch lowered the price per panel as a result of unforeseen market forces to $6,000 but sold an equal number of panels.

Compute the revenue effect of price recovery in 2011 and 2012. Was the variance favorable, F, or unfavorable, U?

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Financial Accounting: In 2011 monarch aircraft company sold 36000 jet panels at

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