Taylor Company's Budgeted Sales Were 10,000 Units at £200 Per

question 5

Multiple Choice

Taylor Company's budgeted sales were 10,000 units at £200 per unit. Actual sales were 9,200 units at £210 per unit. Taylor's sales price variance is

• A)£68,000 (U).
• B)£100,000 (U).
• C)£8,000 (U).
• D)£92,000 (F).

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Definitions:

Certificate Of Investment

A financial document representing a deposit with a specified interest rate and maturity date, often issued by banks.

Bond

A contract between a borrower and a lender, in which the borrower agrees to pay the loan at some time in the future. Some bonds also make regular, constant payments once or twice a year.

Annual Interest Rate

The percentage increase in money owed per year, including the effect of compounding.

Annual Interest Rate

The percentage of a sum of money charged for its use over a year.