Milton Limited has produced the following information: Total actual sales: 99,000. Actual quantity sold: 9000 units. Budgeted
Question:
Milton Limited has produced the following information:
Total actual sales: £99,000.
Actual quantity sold: 9000 units.
Budgeted selling price per unit: £10.
Standard cost per unit: £7.
Total budgeted units: 10,000 units.
Required:
Calculate:
(a) The selling price variance
(b) The sales volume profit variance
(c) The sales variance in total.
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Step by Step Answer:
To calculate the selling price variance we need to compare the actual selling price per unit to the ...View the full answer
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ISBN: 9781292286938
10th Edition
Authors: John Dyson, Ellie Franklin
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