Standard per item (£) Actual per item (£) Selling price 20 22 Material 6 8 Labour 3 4 Variable overhead 2 4   It budgeted to sell 1,000 units but actually sold 100 less than this.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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A company has the following information for one of its products:

 

Standard per item

(£)

Actual per item

(£)

Selling price

20

22

Material

6

8

Labour

3

4

Variable overhead

2

4

 

It budgeted to sell 1,000 units but actually sold 100 less than this.

 

What is the sales price variance?

 

A £1,800 F

B £2,000 F

C £2,000 A

D £1,800 A

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