Franklin Company Expected Sales Were 2,000 Units at £100 Per

question 65

Multiple Choice

Franklin Company expected sales were 2,000 units at £100 per unit. During 2011, it had actual sales of 1,800 units at £110 per unit. Budgeted variable costs were £60 per unit. What is Franklin's sales price variance?

• A)£8,000 (U)
• B)£20,000 (U)
• C)£18,000 (F)
• D)£2,000 (U)

Understand the application of different views, such as Outline and Print Layout, for document editing and presentation.

Grasp the concepts and applications of special document elements, such as citations, footers, and headers.

Identify and utilize different features of Word document to effectively organize and navigate through the text.

Understand and apply various document formatting tools including headers, footers, and section breaks.

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Definitions:

Puma Company

A global athletic and footwear brand known for its sports and lifestyle products.

Return on Total Assets

A financial ratio indicating the profitability of a company relative to its total assets, showing how efficiently assets are used to generate profit.

Ending Balance

The amount of money remaining in an account at the end of an accounting period, after all transactions have been accounted for.

Average Balance

The average balance is a calculation to determine the average amount in an account over a specific time period, often used to assess account fees or for financial requirements.