Question

Last month a company budgeted to sell 8,000 units at a price of Rs. 12.50 per unit. Actual Sales last month were 9,000 units giving total sales revenue of Rs. 1,17,000 what was the sales price variance for last month?​

Answer 1

Answer:

1.20.000

Explanation:

no explanation

Answer 2

Sales price variance is ₹17000.

Explanation:

Given: 1. Last month a company budgeted to sell 8,000 units at a price of     ₹12.50 per unit.      

         2.  Actual Sales last month were 9,000 units giving total sales        revenue of  ₹1,17,000.

To find:  The sales price variance for last month.

Solution:

Calculation of sales price variance=

sales price variance = Actual sales - Budgeted sales

                                 = actual quantity* actual price- budgeted quantity*   budgeted price.

                           = 117000- (8000*12.50)

                           = 117000-100000

                           = ₹17000.