US CMA Part 1 · Chapter 3 · Question 3 of 30
A company sold 22,000 units at an actual price of $47 per unit. The budgeted selling price was $45. What is the sales price variance?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) $44,000 favorable
Explanation
Sales price variance = (actual price - budgeted price) x actual units sold = ($47 - $45) x 22,000 = $44,000 favorable.
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