Juliet Brazier is a Scottish firm which manufactures carpentry tools. The company uses standard absorption costing system. The following information was recorded by the company for January 2019:

What is the sales price variance of Juliet Brazier for January 2019?
a. £27,500 favorable
b. £27,500 unfavorable
c. £40,000 unfavorable
d. £40,000 favorable

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Output and sales (units) Selling price per unit Variable cost per unit Total fixed overheads Budget 8,000 £35 £10 £40,000 Actual 5,500 £30 £10 £55,000