Weissmeiss Ltd. use a standard costing system for all its products. The footballs they produce have a standard variable cost of £10. The standard selling price is £35 and budgeted total sales volume for October is 800 footballs. The actual selling price was £37.50, the actual variable costs were £11.50 per football, and the actual number of footballs sold in October was 850. What is the sales price variance for October?

Weissmeiss Ltd. use a standard costing system for all its products. The footballs they produce have a standard variable cost of £10. The standard selling price is £35 and budgeted total sales volume for October is 800 footballs. The actual selling price was £37.50, the actual variable costs were £11.50 per football, and the actual number of footballs sold in October was 850. What is the sales price variance for October?

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Description: Weissmeiss Ltd. use a standard costing system for all its products. The footballs they produce have a standardvariable cost of £10. The standard selling price is £35 and budgeted total sales volume for October is 800footballs.The actual selling pric

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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