X Limited prepared a fixed budget based on 8,000 units being sold annually with budgeted revenue totaling £64,000. However, actual revenue was £50,875 with the resulting sales price variance being £6,875 favorable. What was the actual quantity sold in the year?

A) 3,500 units

B) 5,500 units

C) 8,500 units

D) 10,500 units

Answer rating: 100% (QA)

Budgeted price per unit Budgeted selling price bu... View the full answer